Articles Tagged ‘economy’
In the 80's, a massive presence of the informal sector of the economy characterized the underdevelopment of Latin America, and Peru was no exception, and on the contrary our economy was invaded at any moment by a multiplicity of small and micro enterprises engaged in various activities both productive of goods and services, all of which require adequate support credit. In this context, in May 1980 decree promulgating the Law 23039 which regulates the establishment and operation of the municipal savings and credit beyond the scope of Lima and Callao, whose goal was to be decentralized financial institutions geared to the attention of those segments population have no access to formal credit system. This document contains the results Economic - Financial derived by an enterprise of Financial Inter mediation "Micro Finance" at December 31, 2004 on the basis of data adjusted Trial Balance and statistical information of the institution and the system of municipal savings. Balance Shee...
In the present circumstances being experienced by the country's economy is facing a full recovery, to thereby improving efficiency in social productivity should become the main way to ensure economic development. In this regard Carlos Lage in 1997 to introduce the Draft Resolution Economic the V Congress of the Communist Party of Cuba said: "The efficiency concept must change economic course of action, control and demand, where they manage to every worker. Socialism, as well as justice, efficiency and quality. What is not efficient is not socialist and what is not have quality should not be produced. " From the above one can infer the importance at the present time for the development of the country's economy that companies properly manage the material, financial and labor with a view to achieving economic efficiency, which is the fundamental basis of business improvement . For this reason, the necessary condition for the proper functioning of any system is the "Economic and Fin...
Fundamental reason why interest rates are changing over time is that they reflect the cost of borrowing in the economy of global influence. Generally, when interest rates are low, those who lend money to also pay low interest rates for the money they have to borrow and then lend to home buyers. These lower rates are passed on to borrowers and loans. Conversely, when interest rates are higher borrowing costs for providing the money (and then provide those who take mortgage loans) are higher, and these rates are passed on to customers. This is important because the rates are available at the time you're ready to buy, will significantly affect the price of the house that could be acquired. If you can afford to spend a month about $ 850 in principal and interest when interest rates are 6.5%, you probably can borrow $ 140,000 over 30 years. But if interest rates rise to 9%, 8950 will allow them to borrow an amount close to $ 100,000. Lower interest rates usually mean that you can buy a ...
Living a smooth financial life: 1) Emergency cash reserves. Everyone should be between 3 and 6 months’ salary saved in an account that is easily accessible as part of our financial habits. Use this money, no credit cards when you're in a really necessary, such as losing your job or a very large debt. 2) Risk Management. Insurance is a necessary evil. We must secure our auto, home and other important assets. Also probably need life insurance to replace lost income and pay debts in the event of a death. Protect what you've bought the right kind of insurance, the right amount of coverage, taking into account how much you can afford. 3) Plan of inheritance. The basic documents needed for an estate plan is a will, durable power of attorney made by financial and other care for physicians. These documents will help you keep most of what you have earned in your family for generations. Life insurance also helps. 4) Put a goal. This is the glue that holds everything together. When you g...
Difficulty of the current economy, it is good to know how to generate money. Most people do not realize they have the ability to generate cash at your fingertips. The key is to realize that they can sell what you do not need or do not use. Look around; you have a gem of a broken or old gold, collectibles, antiques or other valuables? The average American household has hundreds of dollars in gold or other jewelry that do not use. Gold prices rise more and more. The higher the gold, more gold can be sold. Have you ever collected anything as a kid who still has today? For example, baseball cards, stamps, cards, coins, stamps, dolls, etc.. If so, you may have some value. There are price guides for almost any type of collectible. You may find that you can sell your collectibles at great cash. Have you ever watched the TV show in which ordinary people like you and I carry objects that are at home to be evaluated? Often are surprised at how much they can sell their old stuff. Look arou...