Capital goods are durable, artificial items that businesses use to make goods and services. These include machinery, tools, equipment, vehicles, and buildings. The economic concept of Capital good(a.k.a Complex product systems(CoPS)(is the production) is a “…series heterogeneous commodity, each with specific technical characteristics …”…
Statistician- Roles, Responsibilities and Job description
A statistician works with applied or theoretical statistics. This profession is available in both public and private sectors. Statisticians can combine their statistical expertise with other subject knowledge. They may be employed or statisticians. Statisticians are professionals who use statistical models and methods to…
Occupational psychology
Occupational Psychology is the study and application of human behaviour at the workplace. It is an applied discipline in the field of psychology. It is also known as Industrial-Organizational Psychology or industrial psychology And Work Psychology. Occupational psychology can help companies, organizations and organizational leaders achieve…
Objective evidence-Definition and examples
Objective evidence is evidence that is based on proven facts. We can also verify facts through measurement, analysis, observation. It is possible to examine and evaluate objective evidence. It is the same as “compelling evidence,” and it is evidence sufficient. Subjective evidence A subjective view refers…
Risk Averse- Overview, types and examples
Risk-averse investors choose to preserve capital rather than receive a greater-than-average return. Investing is about price volatility. Volatilities can either make you wealthy or eat away at your savings. A conservative investment will grow steadily and slowly over a period of time. Low-risk investment…
