The phrase “meeting of the minds” is a concept in contract law that represents not only the collective agreement between […]
Business and Economics
Kinds of Contracts: From Manner of Creation to Validity
A contract represents a legally binding agreement between two or more parties. Note that there are different types or kinds […]
Elements of an Enforceable Contract
There are six recognized elements of an enforceable contract. Of course, as a backgrounder, a contract is a legally binding […]
IRAC Method: Definition, Application, and Criticism
The acronym “IRAC” stands for issue, rule, application, and conclusion. More than just an acronym, it specifically corresponds to a […]
Econ 101: The Difference Between Recession and Depression
Recession and depression are two terms used in economics to describe downturns in economic activities. Take note that although both […]
Difference Between Mission, Vision, and Value Statements
The mission, vision, and value statements of organizations are more than just public declarations of their identities, intentions, and positioning. […]
The Economy of Vatican City Explained
How does the economy of Vatican City work? What are the economic activities? How does it earn revenues? What are […]
The Strategy and Success of Cirque du Soleil
The Canadian entertainment and traveling circus company Cirque du Soleil is one of the prime examples of an organization demonstrating […]
What Is Wrong About Open Office Spaces?
Open office spaces have benefits or advantages. However, in certain situations and from another perspective, this floor plan configuration has […]
Macroeconomics and Microeconomics: The Difference
Economics is divided into two main branches based on scope. These are macroeconomics and microeconomics. For starters, macroeconomics deals with […]