LEONID VITALIYEVICH KANTOROVICH
A Russian mathematician and economist who received the Nobel Prize in Economics, together with Tjalling Koopmans, for his research on optimum allocation of resources. In his book The Best Use of Economic Resources, published in 1959, he described optimal ways to deal with problems of centrally planned economies; planning, pricing, and decision making to name a few. He has notable contributions on functional analysis, approximation theory, and operator theory; and originated the linear programming technique. He also observed the complexity of stabilization policy.
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Lakshmi Mittal
An Indian steel magnate based in London and one of the wealthiest billionaires in the world. He is the President, Chairman, and Chief Executive Off ...
Countermand
Cancellation, revocation, or reversal of an order previously issued. In finance, it is specifically applicable to payments, which means a customer ...
Checkbook
Folder or booklet containing preprinted paper instruments issued to checking account holders, which is used to pay for products and/or services. It ...
Rent-A-Crowd
A group of people rented to make a business appear busy. This strategy is often used during grand openings of new businesses to give the appearance ...
Kiasu
A person is anxious of losing out to someone else. It is a traditional Chinese word that means “scared to lose” but is well-known in Si ...
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Digesting Financial Statements: Long-Lasting Liabilities
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Digesting Financial Statements: Working Capital
Analysts and investors look at the working capital and its trends to measure a company’s financial performance. This metric determines a busi ...
Introduction to Banking
Banking is an integral part of any financial system. In order to keep your money safe and start building wealth, you need a place where your funds ...
Buying a Home: Determining the Amount You Can Afford
You have decided to buy a house, choose the best location, and select a home suitable for you needs. It is high time to determine the amount you ca ...
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