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Underemployment Equilibrium.

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The term “underemployment equilibrium” refers to a situation in which there are not enough jobs available for all the workers who want to work. This can happen for a variety of reasons, but one of the most common is that there are not enough businesses willing to hire workers. This can be due to a … Read more

What Liquidation Preference Tells Us.

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A liquidation preference is a feature of some corporate debt instruments that gives the holder of the debt instrument priority over other creditors in the event of a liquidation of the company. In the event of a liquidation, the holders of the debt instrument with a liquidation preference will be paid out before other creditors, … Read more