Utility Concept: Utility, base concept of all consumer theory represents the satisfaction or pleasure that the consumers take from…
10-05-2016
Velocity of Money Concept: Velocity of Money (or speed of money circulation), concept created in the beginning of the 19th century by…
10-05-2016
Western Union Concept Western Union is a worldwide transfers services, exclusively destined to private people, that allows to send (or receive) money to (or from) other countries in a very short time. The exchange rate used in the currency conversion is defined by Western Union themselves and can necessarily not correspond to the official chart […]
18-07-2015
Work Concept: In the economic science scope, the term work designates one of the productive factors used by companies for…
10-05-2016
Biography of Muhammad Yunus Born in 1940 in Bangladesh, Muhammad Yunus is an important economist and banker, who was worldwide known in 2006, year in which he was awarded with the Nobel Peace Prize for his contribution in the fight against poverty. In the decade of 70, finding the difficulty that poor people had in […]
02-08-2015
