The concept of "poverty trap" is a very common mechanism among developing countries, since there are a series of social factors, economic and conjunctural that make economic development of these nations impossible and plunge them into a self-maintained state of poverty. But what exactly does the poverty trap consist of and what are the factors … Read more
A playpen is a restriction on the free disposition of fixed-term cash, current accountsand other economic activities. This restriction is decreed by the government in question, and consists of preventing banks from opening their doors to prevent citizens from withdrawing their money at the same time. All of this is done to prevent the financial … Read more
In economic terms, a structured product is the result of the union, in the same structure, of two or more financial instruments. Structured products are usually formed by combining a fixed income product plus one or more financial derivatives. The financial derivative uses as a reference an asset called underlying asset. The underlying asset can … Read more
The broad term of production refers to the activity or activities that are dedicated to the manufacture, elaboration or obtaining of goods and services. Therefore, production can be defined as a complex process that requires different factors to carry out a series of activities. The human effort destined to create said benefit (materialized in a … Read more
The concept of packaging encompasses everything that involves the inclusion or protection of products for distribution, storage and sale. That is, the wrapping, labeling and packaging of commercial items. In marketing, packaging is a presentation letter for products, so it must focus above all on capturing the attention of consumers and being a communication window … Read more
Price discrimination is a marketing strategy based on charging different prices for the same product, despite the fact that the cost of production is always the same. This technique is common and occurs normally in situations of monopoly, in which a company controls the market and seeks to maximize profits in this way. Types of … Read more
When there are preferential agreements, we can intuit that there is a mutual reduction pact of duty between two or more countries. This means that, thanks to the reduction of tariffs from one country to another, countries will reduce or modify their tariffs objectively among themselves. However, the existence of preferential agreements does not have … Read more
The definition of point of sale terminal (POS) is the device or set of them that are used to manage sales tasks to the public in a commercial premises. The point of sale terminals are made up of software (computer program) and hardware (physical part), facilitating the printing of tickets, checkout control, inventory management and … Read more
The term profitability refers to the benefits obtained or that can be obtained from an investment made previously. This concept is very important both in business and in investment, since it allows us to know the capacity of a company to remunerate the financial resources used. Profitability types It is necessary to basically distinguish between … Read more
Although the concept of productivity has been generalized and is used in relation to any type of activity in order to measure its effectiveness, productivity, in origin, is linked to production. That is to say, we speak of productivity taking into account the variations in products produced or services performed, and the variations in the … Read more
