What is obsolescence?

The concept of obsolescence is used in the field of economics and finance, understood as the reduction of the useful life of a good consumption due to technological advancement or economic change. This term should not be confused with depreciación, which consists of the physical deterioration of an article as a result of the passage … Read more

Own resources

The term own resources refers to the contributions of the shareholders or partners who subscribe the capital of a company, the profits obtained that have not been distributed among its shareholders in the form of dividends, as well as the reservations they have to face extraordinary situations. This implies that the concept of own resources … Read more

What is organization?

An organization is a defined system to achieve certain objectives. These systems may be composed of other linked subsystems that perform specific functions. It can also be defined as a social group made up of people, tasks and administration, which are related to each other within a systematic structure in order to achieve goals. It … Read more