Private sector

Posted by admin - Comments Off

Most corporate guarantees are made by parent companies on behalf of subsidiaries or associates. Occasionally a large company may provide such a guarantee for a company that has no direct affiliation, an example might be a small, independent but strategic supplier. If the guarantor is the company’s major customer it is in an excellent position » Read More

One good can be substituted for another

Posted by admin - Comments Off

Consumers can achieve utility- that is, satisfaction- from many different alternatives. Either a hamburger or a taco might satisfy your hunger, while going either to a movie or to a football game might satisfy your desire for entertainment. With $600, you might either buy a new TV set or take a short vacation. No single » Read More