The steps utilized to create a desirable good.

A cost that increases as the quantity of an item is produced. Common examples include the costs of ingredients, shipping […]

A tax paid on most goods and services in the UK, currently 20%.

Capital invested into high-risk opportunities, often startups.

A product for which a higher price stimulates increased customer demand. Such items are used to advance the status of […]

Capital invested into projects with higher risks, usually start-up businesses.

Information that can be used to enforce a contract.

A merger between companies that are in the same industry but are not at the same production stage. For example, […]

The common abbreviation for vigorish

The interest rate on a loan from a loan shark.