JOSEPH SCHUMPETER
An Austrian American economist and political scientist. Being one of the 20th century’s great economic and political thinkers, Schumpeter is well-known for his theory that explains the activities that result to economic growth in capitalist economist. The theory also focuses on entrepreneurial innovations and its role as the major driver of economic growth. He argues competition among market participants leads to a desire to look out for new ways to develop technology, do business and other kinds of advantages that would raise profit margins and directly affect the businessman’s standard of living.
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Asset Substitution Problem
A problem which arises when a company trades its low-risk assets for high-risk investments. This substitution moves the value from the bondholders ...
Lawful Money
Any currency, in coin or paper form, that is issued by the United States Treasury, not the Federal Reserve System. It also includes gold and silver ...
Red Clause Letter Of Credit
It refers to a specific type of letter of credit where a buyer extends an unsecured loan to a seller. This permits documentary credit beneficiaries ...
Trust Certificate
Bond or debt investment backed by other assets and serve like a collateral. Normally in a public company, the assets may be seized or sold for the ...
Cowboy Marketing
Slang term for a situation in which a firm is unaware a marketer sends massive spam emails to everyone promote the stock, instead of producing legi ...
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