THORSTEIN VEBLEN
American economist and sociologist best known for introducing the phrase "conspicuous consumption" in his book The Theory of the Leisure Class. He was into knowing the relationship among the economy, society, and culture. Veblen evaluated the social order and believed individuals made purchases to indicate their status and accomplishments to others. He argued the consumption habits of rich people, as well as their values. Aside from establishing the school of institutional economics, he also coined the terms "conspicuous waste" and "pecuniary emulation".
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A tool in monetary policy where banks are allowed to borrow money through repurchase agreements, and to respond to liquidity pressures. The governm ...
Data Warehousing
Electronic storage of information in a business or corporation. It should be secure, reliable and easy to retrieve and manage. It originated in 198 ...
One-Tailed Test
A statistical test where the critical area of a circulation is one-sided so that it is either less than or greater than a specific value, but not b ...
Less-than-Truckload
A shipping service that carries small loads of freight, weight between partial and full truckload. The service is being offered by many large and n ...
Original Cost
It simply refers to the total cost associated in buying an asset.
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