The Federal Reserve is the central bank of the United States and is the financial authority behind the world’s largest free market economy.| Corporate Finance Institute
The Network Effect is a phenomenon where present users of a product or service benefit in some way when the product or service is adopted by additional users.| Corporate Finance Institute
Fiscal Policy refers to the budgetary policy of the government, which involves the government controlling its level of spending and tax rates| Corporate Finance Institute
The command economy is a system where the government plays the principal role in planning and regulating the country's goods and services.| Corporate Finance Institute
Barriers to entry are the obstacles or hindrances that make it difficult for new companies to enter a given market. These may include| Corporate Finance Institute
Economies of scope refer to the decrease in the total cost of production when a range of products are produced together rather than separately.| Corporate Finance Institute
Economies of scale refer to the cost advantage experienced by a firm when it increases its level of output.The advantage arises due to the| Corporate Finance Institute
The first mover advantage refers to an advantage gained by a company that first introduces a product or service to the market. The first mover advantage| Corporate Finance Institute