Communism is an economic ideology that advocates a classless society in which all property and wealth belongs to the community and not to individuals.
The communist ideology was developed by Karl Marx and Friedrich Engels and is the opposite of the capitalist one, which relies on democracy and the production of capital to form society.
Vivid examples of communism were the Soviet Union and China. While the former collapsed in 1991, the latter radically overhauled its economic system to include elements of capitalism.
The Americans with Disabilities Act (ADA) was passed in 1990 to prevent discrimination against people with disabilities in the workplace and in employment.
Autarky refers to a state of self-sufficiency and is commonly used to describe countries or economies that seek to reduce their dependence on international trade.
A Build-Operate-Transfer (BOT) contract is a model used to finance large projects, usually infrastructure projects, developed through a public-private partnership.
Capitalism is an economic system characterized by private ownership of the means of production, especially in the industrial sector, in which labor is paid only according to wages.
The term “discount rate” can refer to either the interest rate the Federal Reserve charges banks for short-term loans or the rate used to discount future cash flows in a discounted cash flow (DCF) analysis.