4 Types of Organizational Structure: Definitions and Examples
A business may implement an organizational structure in its workplace to run more efficiently. Depending on the size of the company and the way it operates, some structures might be…
What is data visualization?
Data visualization is represented through standard graphics, charts, plots, infographics, and animations. These visual displays of information communicate complex data relationships and data-driven insights in a way that is easy…
Liability: Definition, Types, Example, and Assets vs. Liabilities.
What Is a Liability? A liability is something a person or company owes, usually money. Liabilities are settled over time by transferring economic benefits, including cash, goods, or services. On…
Terms of service
Terms of service (also known as terms of use and terms and conditions, commonly abbreviated as TOS or ToS, ToU, or T&C) are the legal agreements between a service provider…
Receipt: Definition, Types, and IRS Rules
What Is a Receipt? A receipt is a written acknowledgment that something of value has been transferred from one party to another. In addition to the receipts consumers typically receive…
Capital Structure Definition, Types, Importance, and Examples
What Is Capital Structure? Capital structure is a company’s combination of debt and equity to finance its operations and growth. Equity capital arises from ownership shares in a company and…
Business Development Skills (With Definition and Examples)
Business development professionals work to develop a company by evaluating their performance and looking for areas to improve. Improvement may come from building and maintaining relationships with allies and partners…
What Is a Laissez-Faire Economy, and How Does It Work?
What Is Laissez-Faire? Laissez-faire is an economic theory from the 18th century that opposed government intervention in business affairs. The driving principle behind laissez-faire, a French term that translates to…
Demand-Side Economics
Keynesian economists believe that the primary factor driving economic activity and short-term fluctuations are the demand for goods and services. The theory is sometimes called demand-side economics. This perspective is…
What is hyperinflation, and should we be worried?
The last time inflation levels were this high in the US and Europe, flared trousers were in, roller discos were all the rage, and no one had heard of Steve…