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What is bankruptcy?

Broader meaning of the term would be a decline in business activity preventing the company from achieving anticipated business results. From the fi...

Brand

A brand stands for a methaphysical sum or a synergy of all information about the product that enables the identification and differenciation of the...

What is sole proprietorship?

Sole proprietorship is according to Sole Proprietorship Law an independent and permanent pursuit of economic activities by natural persons with the...

Subscribed capital

Subscribed capital is the amount of money that the shareholders pay for shares in the company business. The subscribed capital can be expressed in ...

IBAN - International Bank Account Number (2)

* Andorra (24 digits) IBAN format: ADkk BBBB SSSS CCCC CCCC CCCC B = bank code, S = sort code, C = account No. * Austria (20)...

IBAN - International Bank Account Number (1)

The International Bank Account Number (IBAN) is an international standard for identifying bank accounts across national borders. It was originally ...

Foreign exchange reserves

Foreign exchange reserves (also called Forex reserves) in a strict sense are only the foreign currency deposits held by central banks and monetary ...

Just in Time

JIT - Just in time is an economic term representing the strategy of cutting costs in production, where you accomplish to store parts in a shorter p...

Initial public offering

An Initial Public Offering (IPO) is the first sale of stock by a private company to the public. IPOs are often issued by smaller, younger companies...

Definiton of monopoly

Monopoly (grc. monos, one + polein, to sell) can be defined in economics as the permanent market situation with only one product or service provide...

Unemployment

Unemployment happens, in economic terms, when there are qualified workers who are willing to work for prevailing wages but they cannot find employm...

Croatian Taxation system

Croatian Taxation system is in coherence with European principles where there is a balance in the position of all tax payers, Croatian and foreign ...

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