Posted inEconomics
Value of Money: Meaning & Measurements in Economics
The value of money (TVM) is the perception attributed to money at a given time taking into account economic circumstances that influence it, such as inflation.
Posted inEconomics Government & Politics
Globalization: Definition, Features, Merits & Demerits
Globalization is a phenomenon based on the continuous increase in the interconnection between the different nations of the world on the economic, political, social and technological levels.
The use of this term has been used since the 80s. That is, since technological advances have facilitated and accelerated international commercial and financial transactions. And for this reason, the phenomenon has as many defenders - such as the International Monetary Fund (IMF) or the World Bank - as detractors.
Posted inEconomics
Effective Value – Definition, Features, Concept & Examples
The effective value is that market value obtained through the purchase or sale of a financial asset or right, such as credit instruments or bills of exchange.
In the field of financial and stock market economics, the concept of cash value is frequently used. In practice, it is the value assigned to a financial instrument or right when it is transferred through a sale.
Posted inEconomics
Customer Lifetime Value (CLV)
The concept of customer lifetime value is the value that a customer has for a company based on the time and transactions that can be carried out during that term.
Difference Between Privatization and Commercialization
Privatization is a policy of the government created to afford individuals, corporate bodies, the opportunity to take over ownership and control of government enterprises, companies, etc. while Commercialization is a state policy of making its companies, enterprises, parastatals, etc, more efficient and even more profit oriented. It will also make these organisations come up with efficient management of resources.