Category: Economy

Landlord and tenant

Lessor is the owner of an asset who has decided to assign the use of that property to another person (tenant) in exchange for money. Lessee is the person who has the right to use an asset that belongs to another person (landlord) in exchange for remuneration. Both the landlord and the tenant can be natural or legal

Contract and agreement

A contract is a bilateral arrangement that establishes a legal relationship between the parties involved. An agreement is a voluntary agreement that is not subject to the law. There can always be an agreement without a contract, but for a contract to be carried out there must always be an agreement. Unlike the agreement, the contract seeks to create obligations

Fixed and variable costs

Fixed and variable costs are the outlays of money that a company has to make to guarantee its operation. The difference between fixed and variable costs is that fixed costs are generated on a regular basis and do not depend on the levels of production or profit of the company. While variable costs are only generated

Settlement and settlement

The settlement refers to the document and act that designates the end of an employment relationship between an employer and an employee, which is signed by them of their own free will. The settlement is the set of responsibilities payable by an employer entity, for the benefit of an employee when the employment relationship comes to an end. If the cause of dismissal is

Microeconomics and macroeconomics

Microeconomics analyzes the economy on a smaller scale, it deals with specific entities , such as companies, families and individuals. Macroeconomics looks at the economy in a broad sense , dealing with factors that affect the national, regional, or global economy as a whole. Microeconomics Macroeconomy   Meaning The branch of economics that studies the behavior of an individual consumer,

Natural person and legal person

The natural person is every human being that exists and manifests itself, while the legal person is a legal entity with legal representation. According to this, natural persons can come together to create a moral person when they have a common goal. An example of this are professional associations, where different individuals come together and decide

Gross and net

The difference between gross and net, in economic or accounting terms, is that the raw indices refer to total amounts that have not been subtracted or discounted. While the net indices are the result of said subtractions. In other words, an index or net quantity is the result of discounts applied to a gross quantity. These

Difference between GDP and GNP

GDP is the acronym for Gross Domestic Product and refers to the income accumulated by a country from sales of goods and services in a given period, which is usually a quarter, a semester or a year. Income is calculated based on what is generated by natural and legal persons who live within the country,

Assets, liabilities and capital

In accounting and finance, an asset represents the assets and rights that an entity possesses to carry out an activity, from which it is expected to obtain a benefit or economic performance. This is the product of the sum between liabilities and capital. The liability is the set of debts and obligations contracted by a company in the past and which it expects to