Mike Pence sacrificed a dream he’d held dear for most of his life. He did so in order to do his duty as both a servant and a ...

Definition: Labour force participation rate is defined as the section of working population in the age group of 16-64 in the economy currently employed or seeking employment. People who are still ...

Definition: The law of demand states that other factors being constant (cetris peribus), price and quantity demand of any good and service are inversely related to each other. When the price of a ...

Definition: Due diligence is the process of examining all the material facts of a contract or a deal before a legal contract is signed by both the parties. Put differently, it could also mean ...

Definition: Dry docking is a term used for repairs or when a ship is taken to the service yard. During dry docking, the whole ship is brought to a dry land so that the submerged portions of the hull ...

Definition: Penetration rate indicates the level of development of insurance sector in a country. Penetration rate is measured as the ratio of premium underwritten in a particular year to the GDP.