Kaye

Guns-and-Butter Curve.

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The Guns-and-Butter Curve is a graphical representation of the trade-off between two economic goals: security (represented by guns) and economic growth (represented by butter). The curve shows that as a nation increases its spending on security, it has less money available to spend on other things, such as economic growth. The term “Guns-and-Butter Curve” was … Read more

Stalking-Horse Bid.

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A stalking-horse bid is an initial bid on a company or other asset, made by an investor who intends to acquire the target. The stalking-horse bid is typically lower than the investor’s eventual offer, and is used to gauge the interest of other potential buyers. If there is sufficient interest, the investor may raise their … Read more