Recent content by robert

The Law of Demand of Economics has it that when the price of a commodity rises, the quantity demanded by the consumers would tend to reduce and vice versa; that is, all other aspects held constant. This is an inverse relationship that can be used to explain consumer behavior on markets. The Law...

The legislative branch of government, which is primarily the United States Congress, develops federal laws. Congress consists of two sections, the United States Senate and the United States House of Representatives. The two houses of the congress introduce, discuss and pass bills. Upon being...

Stakeholders refer to any person, group or organization that is interested or impacted by the actions and actions of a business or a project. Examples of stakeholders include the owners, employees, customers, suppliers, investors and even community. They can affect or be affected, hence...

Blockchain is a cryptographic register that stores transactions in a network of computers that is decentralized. Rather than gathering data in a single repository, the information is collected in blocks and connected in an encrypted chain. The system is transparent and hardly manipulable as each...

Dedollarization refers to the minimization of the use of the U.S dollar in international trade and finance. It is able to rebalance power in the international economy due to its promotion of other currencies as trade and reserve currencies. This can undermine dollar hegemony, currency...

Pending The transaction or request has been received, but has not been accomplished yet. It is being awaited to be processed, approved or confirmed by the system, bank, or service. At this step the ultimate outcome is not determined. After processing is finished the status normally becomes...