Power of Attorney (POA)

A power of attorney (POA) is a legal document by which one person (the principal) authorizes another person or entity (the agent or attorney‑in‑fact)…

Poverty

Poverty is a socioeconomic condition in which individuals, families, or communities lack sufficient financial resources and access to basic goods and services needed for…

poverty trap

A poverty trap is a self-reinforcing condition that keeps individuals, families, or whole communities poor because escaping poverty requires a level of capital, services,…

Positive Economics

Positive economics is the branch of economics that seeks to describe, explain and predict economic phenomena using objective facts and empirical evidence. It answers…

Positive Correlation

A positive correlation is a statistical relationship in which two variables tend to move in the same direction: when one increases, the other tends…

Portfolio Management

Portfolio management is the disciplined process of selecting, supervising, and adjusting a mix of investments to meet defined financial objectives while respecting an investor’s…

Portfolio Investments

Quick Key Takeaways – A portfolio investment is ownership of financial assets (stocks, bonds, funds, cash equivalents, and alternatives) intended to earn returns or…

Porters Five Forces

Key takeaways – Porter’s Five Forces identify five sources of competitive pressure that determine industry profitability: rivalry among existing firms; threat of new entrants;…

Ponzi Scheme

Key takeaways – A Ponzi scheme is an investment fraud that pays earlier investors with money taken from later investors rather than from legitimate…

Political Economy

Political economy is the interdisciplinary study of how politics and the economy interact: how political institutions, public policy, and power relations shape economic outcomes,…