What is Gainsharing?

Gainsharing is an incentive system that has the objective of achieving an increase in productivity. What it addresses is that when the company's goals are achieved, it distributes the benefit among the workers, either in the form of bonuses or with an increase wagefor them. This incentive system is committed to solidarity and cooperation, as … Read more

What is the Gross Operating Surplus?

The Gross Operating Surplus is an economic concept that includes payments to property, the remuneration of employers and payments for non-salaried labor (if any). This type of surplus, which in the macronomía Usually used as a measure of profitability, it reflects property income (interest, royalties …), company income and the corresponding Capital Consumption. Let's analyze … Read more

What is the Goodwill?

Goodwill or goodwill is known in accounting as an intangible that determines the intangible value of a company. It is closely related to brand equity and determines the reputation of the company. It is determined by multiple factors and can have a very positive or negative effect on the market situation of a brand or … Read more

What is the growth rate?

The growth rate is a mathematical calculation that is obtained from the difference between two values ‚Äč‚Äčover time, taking as a reference the percentage of the first value. This indicator can be applied to different areas, such as business, demographic or economic, so that we can find out the percentage of growth of any assumption … Read more

What is a Surety?

The term guarantor refers to the person who is obliged to pay or comply with a third party, in the event that he or she cannot do so (as stated in the Spanish Civil Code). However, the term itself generates controversy and confusion, especially with the term guarantor. We will see their differences later. What … Read more

What is the global economy?

The concept of global economy represents the current economic system. A system that is based on competition and in the use of new technologies. The global economy thus implies a liberalization of the barriers that separate markets. Thus, this definition of the global economy is therefore closely related to the globalization and the world in … Read more

What is gross value added?

When we talk about gross added value we refer to a macroeconomic magnitude to measure the total value that has been created in a given country or territory. The value created is measured according to goods and services that companies in that country have been able to produce during a specific period of time, and … Read more

What is an inferior Good?

Not all goods that are traded in the market have the same importance or have the same characteristics among them. Today we are going to talk to you about one of these types of goods: the inferior good. When we speak of inferior good we refer to goods that, by increasing people's income, demand of … Read more

What is the Gini Index?

The meaning of the Gini index, or Gini coefficient is an indicator developed by the Italian statistician Correado Gini that is used to measure the level of inequality between the inhabitants of a territory, which is usually a country. In general, its use is concentrated in the field of economía to analyze the differences in … Read more