Theadora
Pareto Efficiency Examples and Production Possibility Frontier.
Pareto efficiency is a state of allocation of resources in which it is impossible to make any one individual better off without making at least one individual worse off. The concept is named after Italian economist Vilfredo Pareto, who used the concept in his studies of economic efficiency and income distribution. A Pareto efficient allocation … Read more
Bargain Purchase Option.
A bargain purchase option is an option that allows the holder to purchase an asset at a price that is below the current market value. This type of option is often used in corporate finance, and can be used to buy assets such as shares, property, or businesses. Bargain purchase options can be used to … Read more
What is machinery?
The term machinery refers to a mechanical device made up of certain pieces (whether mobile or immobile) that allow them to interact with each other and, through interaction, transform into energy and be able to perform a certain action. Probably, most of us think that machinery is only a matter of an industrial nature, but … Read more