Dec 22, 2023
The Chicken Tax began 50 years ago when Europeans set a tariff on American chickens—the U.S. retaliated with a 25% tariff on imported light
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The Chicken Tax began 50 years ago when Europeans set a tariff on American chickens—the U.S. retaliated with a 25% tariff on imported light
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Equity Crowdfunding: The Latest Start-Up Funding Trend
As Innovative start-ups are emerging so their need of Start-Up Funding and equity crowdfunding. Know in detail how start-ups are benefited from this Equity Crowdfunding trend.
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Investopia is a marketplace to start the early-age investments. We provide exclusive access to unlisted, privately held & pre-IPO equity shares. Backed by our client centric quality investment thesis, the exclusive access we offer, empowers you to achieve massive value unlocking for the investments you make with us.
Via @investopia: Definition of 'Lawful Money' Any form of currency issued by the United States Treasury and not the Federal Reserve System, including gold and silver coins, Treasury notes, and Treasury bonds. Lawful money stands in contrast to fiat money, to which the government assigns value although it has no intrinsic value of its own and is not backed by reserves. Fiat money includes legal tender such as paper money, checks, drafts and bank notes. Also known as "specie", which means "in actual form." Investopedia explains 'Lawful Money' Oddly enough, the dollar bills that we carry around in our wallets are not considered lawful money. The notation on the bottom of a U.S. dollar bill reads "Legal Tender for All Debts, Public and Private", and is issued by the U.S. Federal Reserve, not the U.S. Treasury. Legal tender can be exchanged for an equivalent amount of lawful money, but effects such as inflation can change the value of fiat money. Lawful money is said to be the most direct form of ownership, but for purposes of practicality it has little use in direct transactions between parties anymore.
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Via @investopedia: Term of the Day: Frame Dependence
The human tendency to view a scenario differently depending on how it is presented. Frame dependence is based on emotion, not logic, and can explain why people sometimes make irrational choices. For example, when presented with a scenario in which a sweater is being offered at its full price of $50 and a scenario in which the same sweater is regularly priced at $75 but on sale for $50, many consumers would perceive the latter as a better value even though in both situations they are being asked to pay the same price for the same sweater. Thus a real-life application of frame dependence is the use of strategic pricing by retail stores to influence consumers' purchasing behavior. Investopedia Says:Frame dependence is one component of psychologist Daniel Kahneman's Nobel Prize-winning prospect theory, a major contribution to behavioral economics. Along with co-researcher Amos Tversky, Kahneman showed several cognitive biases that cause people to make irrational decisions, including the anchoring effect, loss aversion, mental accounting, the planning fallacy and the illusion of control