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Debt generally refers to money owed by one party, the debtor, to a second party, the creditor.It is generally subject to repayments of principal and interest. [9] Interest is the fee charged by the creditor to the debtor, generally calculated as a percentage of the principal sum per year known as an interest rate and generally paid periodically at intervals, such as monthly.
In business and accounting, net income (also total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales) is an entity's income minus cost of goods sold, expenses, depreciation and amortization, interest, and taxes for an accounting period.
Werner Sombart (/ ˈ v ɜːr n ər ˈ z ɒ m b ɑːr t /; German: [ˈzɔmbaʁt]; 19 January 1863 – 18 May 1941) was a German economist, historian and sociologist.Head of the "Youngest Historical School," he was one of the leading Continental European social scientists during the first quarter of the 20th century.
GDP (PPP) means gross domestic product based on purchasing power parity.This article includes a list of countries by their forecast estimated GDP (PPP). [2] Countries are sorted by GDP (PPP) forecast estimates from financial and statistical institutions that calculate using market or government official exchange rates.
A democracy is widely considered consolidated when several or all of the following conditions are met. Firstly, there must be a durability or permanence of democracy over time, including (but by no means limited to) adherence to democratic principles such as rule of law, independent judiciary, competitive and fair elections, and a developed civil society. [5]
Graham was born Benjamin Grossbaum on May 9, 1894, in London, England, [2] [8] to Jewish parents. [9] On his mother's side, he was the great-grandson of Rabbi Yaakov Gesundheit and a cousin of neuroscientist Ralph Waldo Gerard. [10]
The UEFA Champions League is a seasonal football competition established in 1955. [1] Prior to the 1992–93 season, the tournament was named the European Cup. [1] The UEFA Champions League is open to the league champions of all UEFA (Union of European Football Associations) member associations (except Liechtenstein, which has no league competition), as well as to the clubs finishing from ...
Cohen grew up in Great Neck, New York, where his father was a dress manufacturer in Manhattan's garment district and his mother was a piano teacher. [6] He grew up in a Jewish family.