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Finance capitalism or financial capitalism is the subordination of processes of production to the accumulation of money profits in a financial system. [6]Financial capitalism is thus a form of capitalism where the intermediation of saving to investment becomes a dominant function in the economy, with wider implications for the political process and social evolution. [7]
The FBISE was established under the FBISE Act 1975. [2] It is an autonomous body of working under the Ministry of Federal Education and Professional Training. [3] The official website of FBISE was launched on June 7, 2001, and was inaugurated by Mrs. Zobaida Jalal, the Minister for Education [4] The first-ever online result of FBISE was announced on 18 August 2001. [5]
Evolutionary economics is a school of economic thought that is inspired by evolutionary biology.Although not defined by a strict set of principles and uniting various approaches, it treats economic development as a process rather than an equilibrium and emphasizes change (qualitative, organisational, and structural), innovation, complex interdependencies, self-evolving systems, and limited ...
[46] It returns the required (expected) return of a financial asset as a linear function of various macro-economic factors, and assumes that arbitrage should bring incorrectly priced assets back into line. [note 12] The linear factor model structure of the APT is used as the basis for many of the commercial risk systems employed by asset managers.
Chart of the world's gross domestic product over the last two millennia. The global financial system is the worldwide framework of legal agreements, institutions, and both formal and informal economic action that together facilitate international flows of financial capital for purposes of investment and trade financing.
Days before bitter cold descends on the nation’s capital for the inauguration of Donald Trump, Ronald Reagan Washington National Airport has a problem with its heating system in the terminal.
Israeli Prime Minister Benjamin Netanyahu on Thursday accused Hamas of backing out of a cease-fire deal to release hostages and bring a pause to more than a year of fighting.
Tesla investors have good reason to watch the bromance between billionaire CEO Elon Musk and President-elect Donald Trump very closely.If the love continues, it could eventually prove quite ...