Absolute Advantage Concept It’s said that a country has an absolute in the production of a certain good if it’s more efficient in the production of that same good, this is if it can produce bigger quantity for each factor unit of the production used. However, according to the Comparative Advantage Law, developed by David […]

Active Interest Rate Concept: Active Interest Rate refers to the interest rate charged by the banks for the money lent to their clients. Designates by…

Adam Smith Biography Considered the father of modern economy, Adam Smith was born in Scotland, probably in 1723, having deceased in 1790. His book “The Wealth of Nations”, edited in 1776, was and continues to be a book of reference for all economists. Before this book, in 1759, Adam Smith had already published the book […]

Added Value Concept: In economy, the expression added value designates the difference between the value of produced goods and the costs of…

Agenda 2030 is a document drawn up by the United Nations as a compromise to ensure the implementation of the principles of sustainable development.

Sherman Act Presentation: The Sherman Act (or Sherman Anti-Trust Act) is one of the North American anti-trust laws. Despite the…

Assets Concept: Assets is an accountancy concept that represents the group of all goods and rights, tangible or intangible, held by a certain individual or…

Available Income Concept: Available Income corresponds to the income which the overall families of a certain economy have available to…

Global Village Concept: Global Village concept, created in the 60’s by Herbert Marshall McLuhan, professor at the School of Communication of…

Liquidity trap is the designation given to a monetary-financial event that occurs when the interest rate is very low.

Public Development Aid consists of assistance provided by public bodies to developing countries, seeking to promote development and human rights indicators.

A análise estratégica de atores consiste na análise das relações de influência/dependência que aqueles mantêm entre si, em relação a um determinado foco estratégico.

In a strategic foresight, structural analysis consists of a technique of systems analysis, which, by allowing the detection of “hidden” relationships and decomposing the system into subsystems, can help to recognize what was otherwise not perceptible.