Typically, deflation is a sign of a weakening economy. Economists fear deflation because falling prices lead to lower consumer spending, which is a major component of economic growth. Companies respond to falling prices by slowing down their production, which leads to layoffs and salary reductions. This further lowers demand and prices. However, for a period…
The European Union sealed an agreement on Tuesday, December 6, 2022: a law aimed at banning the import of products resulting from deforestation in the territory. How historic a decision, since this is the very first time (on a global scale) that such an agreement has been signed! If Europe makes this choice first, it…
The reality of going out is that…you need to spend hours on end sleuthing around your wardrobe finding the perfect pieces that match with each other, or that suit the occasion or just instantaneously make you look fabulous. Then comes the dreaded nightmare of finding the apt pair of shoes and accessories and doing ALL…
What Is an Allowance for Bad Debt? An allowance for bad debt is a valuation account used to estimate the amount of a firm’s receivables that may ultimately be uncollectible. It is also known as an allowance for doubtful accounts. When a borrower defaults on a loan, the allowance for bad debt account and the…
It’s not always easy to be rich in real life! I say that because experience, because with my 50 euros in my bank account, I can see that my life is more complicated. We must think about investing in polluting companies, controlling tax havens, while regularly complaining about our problems of being rich. Really, the…
What Is Physical Capital? Physical capital is one of what economists call the three main factors of production. It consists of tangible, human-made goods that assist in the process of creating a product or service. The machinery, buildings, office or warehouse supplies, vehicles, and computers that a company owns are all considered part of its…
What Is an Electronic Transfer Account (ETA)? An electronic transfer account (ETA) is a bank account for federal payment recipients who do not have checking or savings accounts. ETAs provide an alternative to receiving federal payments by check for Social SecuritySSI, and the Railroad Retirement Board. ETAs are also available for Office of Personnel Management…
Hello my little farandoles. As you know, the French language is full of funny discoveries and other unusual discoveries. Today we take a closer look at the expressions that have the good taste to wedge a little word often from old French and that we will not find anywhere else. You’ll see it’s almost as…
What Is Manufacturing Resource Planning? Manufacturing Resource Planning (MRP II) is an integrated information system used by businesses. Manufacturing Resource Planning (MRP II) evolved from early Materials Requirement Planning (MRP) systems by including the integration of additional data, such as employee and financial needs. The system is designed to centralize, integrate, and process information for…