Command Economy – Explained

by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy

What is a Command Economy?A command economy is an economy whereby all means of production are owned and controlled a central authority (the Government). How Does a Command Economy compare to a Planned Economy? A command economy constitutes a planned economy when the...

Capital Cost Allowance – Explained

by TheBusinessProfessor | Feb 23, 2025 | Business Taxation

What is a Capital Cost Allowance?A Capital Cost Allowance (CCA) refers to the deductible tax from the depreciable assets that an individual can claim on his business. CCA is a Canadian income tax code that enable business owners claim depreciation expenses on their...

Capital Reserve – Explained

by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting

What are Capital Reserves?A capital reserve refers to a specific fund or amount set aside to cater for future or unpredictable expenses or losses of a company. It is an account on a company’s balance sheet put aside to settle financial emergencies or capital...

Common Market (Trade) – Explained

by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations

What is a Common Market?A common market, also known as a trade block, is a market that allows trade and exchange of labor or services between specific countries. It is the result of a regional or intergovernmental agreement that permits agreeing countries to trade...

Compensation Trade – Explained

by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations

What is Compensatory Trade?Compensatory Trade, or countertrade, refers to the exchange of goods (commodities) and services between two countries which is not paid for in cash but in other goods or services. 

Corporate Defense Management – Explained

by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation

What is Corporate Defense Management (CDM)?Corporate defense refers to a collection of programs, measures, and strategies that a company uses for its self-defense. This includes how a company is governed and how its operations are aligned to serve as its justification...

Customs Cooperation Council Nomenclature – Explained

by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations

What is the Customs Cooperation Council Nomenclature?The Customs Cooperation Council Nomenclature (CCCN) is a customs tariff classification system for imported goods. It refers to a standardized method of classifying imported goods in order to determine duties or...

Bonferroni Test – Explained

by TheBusinessProfessor | Feb 23, 2025 | Research, Quantitative Analysis, & Decision Science

What is the Bonferroni Test?A Bonferroni Test is defined as a comparison tests often used in statistics that involve several statistics. Bonferroni correction and Bonferroni adjustment are other terms that have the same meanings and use as Bonferroni Test. When...

Breakfast Index – Explained

by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy

What is the Breakfast Index?The Breakfast Index was created by Hard Assets Investor (HAI), it is a price indicator that measures inflation in wholesale food prices. The breakfast index captures the food items mostly consumed as breakfast, these are cocoa, coffee,...

Bull Market – Explained

by TheBusinessProfessor | Feb 23, 2025 | Investments, Trading, and Financial Markets

What is a Bull Market?A bull market refers to a continuous period in the stock or exchange market when share prices rise significantly. Bull markets serve as an encouragement for investors or buyers, this period is not permanent but it can last for months or years. It...