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Gross Domestic Product (Gdp)

Gross domestic product (GDP) is a measure of a country’s economic activity. It is the total value of all finished goods and services produced within a country’s borders in a particular time period. GDP is a key indicator of a country’s overall economic health and is used to track economic growth, inflation, and unemployment. Here […]

1 min read

Insurance Underwriter

Definition: An insurance underwriter is a professional who evaluates risks and determines the premiums that policyholders pay. The primary responsibility of an underwriter is to assess the likelihood of a loss and calculate the appropriate premium based on the insured’s age, gender, location, driving history, and other factors. Key Responsibilities: Risk Assessment: Analyzing various factors, […]

1 min read

Procurement

Procurement Procurement is the process of identifying, evaluating, and contracting with suppliers to meet an organization’s needs for goods, services, and technology. It is a critical function within organizations as it ensures that they have the necessary resources to operate effectively and compete in the market. Key Activities in Procurement: Need Identification: Determining the specific […]

2 mins read

Efficient Market Hypothesis (Emh)

The efficient market hypothesis (EMH) is one of the most fundamental concepts in financial theory. It proposes that all available information about a company is already reflected in its stock price. In other words, there is no information asymmetry between buyers and sellers. There are two main forms of the EMH: 1. Weak form: This […]

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Market Value

Market Value Market value is a term used in accounting and finance to describe the current market price of an asset or liability. It is also known as the current replacement cost of an asset or the cost of replacing a liability. Factors Affecting Market Value: Supply and demand: The market value of an asset […]

2 mins read

Philanthropy

Definition: Philanthropy is the practice of donating money and time to help others. It is a voluntary and often charitable action undertaken by individuals, corporations, and governments. Types of Philanthropy: Private philanthropy: Donations made by individuals and families. Corporate philanthropy: Donations made by corporations. Government philanthropy: Donations made by governments. Foundation philanthropy: Donations made by […]

1 min read

Bag Holder

Definition: A bag holder is a device that securely holds a bag in place. It is typically used in motor vehicles to keep bags in the trunk or on the back seat. Types: Traditional bag holders: These are typically made of metal and have a strap or hooks that attach to the vehicle’s luggage hooks […]

2 mins read

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