What Is Delegation?

Delegation, as a verb, is the act of giving someone else the responsibility, even the power, to do something, whether…

What Is Purchase Parity?

Understanding economic or technical terms is possible but it sometimes takes breaking the phrase down to the individual parts. This…

What Is FDI?

These three letters stand for foreign direct investment. The simplest explanation of FDI would be a direct investment by a…

What Is Empowerment?

Empowerment has a few synonyms. A word such as commission has been used interchangeably with empowerment to indicate that someone…

What Is Embargoes?

The term embargo is most often used in business or in politics, and is often used with the two areas…

What Is Free Trade Agreement?

A free trade agreement provides special conditions for those who are members of the pact between countries. Essentially these conditions…

What Is NAFTA?

A key to understanding the North American Free Trade Agreement (NAFTA) is knowing what a free-trade agreement is and what…