What is Seasonality? Seasonality is a characteristic of data where there exist predictive fluctuations in a data set depending on the time of year. Many different things drive seasonality, and it occurs across various industries. One of the prominent industries in which seasonality occurs is the retail industry. There often exists seasonal cycles in consumer…
What is Perfect Competition? In a market with perfect competition, both producers and consumers are price-takers. Such a characteristic implies production and consumption decisions that individual producers and consumers face do not affect the market price of the good or service. A perfectly competitive market can be characterized as a market where there is an…
What is Sensex? Sensex, also known as the S&P BSE Sensex Index, is the benchmark index that tracks India’s Bombay Stock Exchange (BSE). The Sensex is composed of the 30 largest and most-traded stocks within the BSE, which ultimately measures India’s economic activity and performance. The Sensex Index is reviewed every six months, alternating between…
What is a Nomination Committee? A nomination committee refers to a group of board members who are responsible for the corporate governance of an organization. Nominating committee members typically work to evaluate the characteristics and performance of board members and are responsible for selecting the best candidates for each seat on the board. Who is…
What is Knowledge Capital? Knowledge capital, also known as intellectual capital, is a term used to describe the intangible part of a business’s value. Of course, a business also possesses physical capital that provides tangible value. As such, a business’s value can be divided into two types – tangible and intangible. Tangible value is quite intuitive….
What is the Korea Investment Corporation (KIC)? The Korea Investment Corporation (KIC) is a sovereign wealth fund established by the government of the Republic of Korea on July 1, 2005, under the KIC act. The corporation’s purpose is “to increase national wealth and contribute to the growth of Korea’s finance industry.” KIC’s Vision and Mission…
Who is Karl Marx? Karl Marx is a well-studied and well-cited economist. He lived between 1818 and 1883, but his ideas still exist in society today. In addition to being an economist, he was also a well-known philosopher and historian. He’s been a prominent voice in the debate against capitalism, writing the famous books The…
What is International Trade? International trade is an exchange involving a good or service conducted between at least two different countries. The exchanges can be imports or exports. An import refers to a good or service brought into the domestic country. An export refers to a good or service sold to a foreign country. International…
