Term of the day

Term of the day

Consumer Surplus

Economic metric of consumer satisfaction, computed by determining the difference between the amount of money consumers are willing to pay for a product or service relative to its market price. It occurs when the customer is wil ...

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InstaForex
Building Wealth
Building Wealth
Understanding Company Declines
Oftentimes, the content of news business sections are about companies’ gradual downfalls. At one point a certain firm is enjoying its soaring figures, then next thing you know, the same compa ny is struggling to save their business.
Finance for Individuals
Finance for Individuals
Pros and Cons of College Dormitories
Upon reaching the age of majority, many individuals are looking forward to college life. Being the first step towards independence, students want to experience living away from home and a kind of l ifestyle away from their parents.
Financial Literacy
Financial Literacy
Mobile Wallets on the Rise in 2017
Most people have a stash of cards in their wallets, be it credit, gift, or debit cards. A recent survey revealed that an average person carries around 17 of these everyday, and many are finding the task of storing them in one place and bringing it daily inconvenient.
Money Smart
Money Smart
A Look Inside the Minds of Luxury Buyers
Owning something from a renowned or availing the services of a prominent entity has been a new trend in today's age. Gone were the days when majority opt for what allows them to save more. Inst ead, individuals tend to pick the priciest of them all, whether they can afford to buy it or not.
For Beginners
For Beginners
Dual currency basket
Dual currency basket is a relative indicator used by the Bank of Russia when implementing the policy of the national currency exchange rate. The dual currency basket defines the ratio of the Russia n ruble to the US dollar and the euro in particular proportion.
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