The term economic openness refers to when a country or group of countries eliminate or reduce the difficulties that may arise for trade or investment with other countries. In this sense, its main task is to promote free competition giving free rein to foreign competitors, attracting new talent, workforce and new investments. In the opposite … Read more
In economic terms, a definition of effectiveness can be the degree of fulfillment of the goals pursued through an action plan, without taking into account the economy of means used to achieve the objectives, as occurs with the concept of efficiency, a term that is often quite often confused with effectiveness. From the axiological point … Read more
En accounting terms and economy, it is understood by submerged economy to the set of activities of production of goods and provision of services that are developed for the market that avoids the fiscal and economic law of a country, among which are labor regulations, technical standards or security, etc. It is the sum of … Read more
The meaning of EBITDA is a financial indicator that seeks to specify the profits or the profit achieved by a company or project, without taking into account taxes, financial expenses and other accounting expenses that do not imply the outflow of cash, such as Amortization, interest, taxes and depreciation. The main utility of EBITDA is … Read more
The Euribor is the rate at which banks lend each other money in the interbank Euro market. It is the official reference index recommended by the Bank of Spain for mortgage loans and consumption. It is the most used value for mortgage reviews. To calculate the Euribor every day, the 26 main banks operating in … Read more
A digital ecosystem is the set of strategies for digital marketing industry carried out by a company or SME to improve its positioning on the Internet. The term digital ecosystem is used as a metaphor for what happens in nature. In which different elements are integrated and related to each other. Through different resources and … Read more
This term responds to the acronym in English Earnings Before Interest and Taxes (profit before interest and taxes, in Spanish). Without a doubt, it is one of the most relevant indicators of the company, especially when talking about the financial statements and accounting as they allow us to make a comparison of business results between … Read more
A lien is the suspension or retention of any property as a security method to ensure the payment of debts that may have been incurred previously. Garnishments are authorized by a judge or a competent body on a certain date. The value of the seized assets must exceed the amount drawn from the debt at … Read more
In international markets, the exchange balance refers to the statistical record of transactions in foreign exchange that are carried out through intermediaries in the exchange market. This balance is used by the Banco de la República de Colombia, as an instrument to describe the external sector in the short term, due to the frequency with … Read more
The ecological label or also called ecolabel is a labeling system that shows the correct environmental performance of a certain product. The main objective it aims to achieve is to offer the consumer a correct environmental communication about the product you purchase. Objectives of the ecolabel These labels have the clear objective of offering consumers … Read more
