Economy

Latest articles in Economics

Definition of credit risk

Credit risk is the probability that a creditor will record losses if a debtor fails to pay. The concept refers to the possible non-compliance with the obligations derived from a financial operation by the person who took the loan. Credit generally involves the loan of money under certain repayment conditions. […]

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Definition of cost analysis

Cost analysis is a process by which the costs associated with an activity, project or company are identified, evaluated and classified to facilitate financial and strategic decision making. Its main objective is to optimize resources and maximize profitability. Examples of cost analysis Cost analysis can be applied in […]

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Definition of operational risk

An operational risk is a threat or danger of harm that is related to the day-to-day operations of an organization. These are contingencies capable of causing losses to the company. The idea of ​​risk refers to the possibility of harm. Operational, meanwhile, is that linked to operations: the execution of tasks or […]

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Definition of cost control

Cost control is an administrative process that involves planning, evaluating and monitoring an organization's expenses to ensure that they remain within the established budget. The main objective is to maximize efficiency and optimize resources, minimizing costs without compromising quality or desired results. Importance of control […]

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Definition of maritime transport

Maritime transport is the name that identifies a type of transfer of goods or people by water. It is the oldest of the modalities that human beings designed and implemented to carry out massive movements of elements. To learn in depth how ships are organized and managed within a […]

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Definition of sensitivity analysis

Sensitivity analysis is the name given to a study or a technique that focuses on, taking into account output variables of systems or mathematical models, how it is possible to divide and assign uncertainty (which can be associated with issues such as lack or insufficiency). of data, a possible measurement error, etc) […]

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Definition of economic depression

Economic depression is a prolonged period of severe recession in which there is a significant drop in economic activity, employment and production in a country or region. During a depression, GDP decreases considerably, unemployment reaches very high levels, and prices and wages usually decrease, generating […]

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Definition of sales forecast

A sales forecast is an estimate of the transactions that a company could complete in the future. This is a projection that is carried out based on trend analysis and historical sales data and taking into account various statistical models. To understand the concept precisely, it is important […]

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Definition of corporate finance

Corporate finance is an area of ​​economics focused on the management of a company's financial resources. This field of finance covers issues such as capital structuring, financing and investments of a company. The concept refers to the monetary decision making of a corporation. It is about […]

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Definition of lean management

Lean management is a business management methodology that is based on continuous improvement. Its purpose is to minimize costs and increase profitability through greater efficiency in all processes. Lean management is considered as an evolution of the system called lean manufacturing, which aims to reduce losses […]

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