Author: Thomas Dalrymple
Title: Transactional Economics Achieving Financial Literacy by way of Clear, Simple and Truthful Compensatory-Based Models
Print Length: 27
Language: English, Francais, Italiano, Espanol, Deutsch
Format: PDF, ePub, mobi, azw, kf8, txt, ibook, Kindle
Virtually no financial term in use today is without multiple and/or contradictory meanings, a situation which far too often leaves both student and practitioner simply guessing at the precise underlying concept being expressed and/or discussed. By way of just one such example, income and profit describe wholly contradictory concepts even as they are most often used synonymously. Meanwhile, terms like expenses, costs, purchases, payments, procurements, acquisitions, disbursements, deductions, outlays and expenditures are used seemingly interchangeably, even as each one can/should express a very specific, and in some cases a somewhat different, economic event. This dynamically-oriented largely on-line textbook seeks to visually – if not almost physically – depict the actual underlying parts and processes related to our most common economic events (and specifically so that most ubiquitous of all: the transaction) providing an exceedingly practical and memorable operative definition of each. The goal here is to equip the reader with the clarity and confidence required to both reason and communicate effectively when it comes to financial matters, no matter how vague or ambiguous the financial terms which have typically been used for this purpose in the past have seemed/been up until now.