Applications of Blockchain How Government can apply blockchain technology? 1. Proof of ownership and transfers Land transactions and proof-of-ownership often burden government agencies with documentation and administrative work. Through blockchain, administrations can permanently store transactions like land, property, and vehicles on a public ledger. The...

AmortizationAmortization is an accounting technique used to periodically lower the book value of a loan or intangible asset over a set period of time.

Amortization Amortization is an accounting technique used to periodically lower the book value of a loan or intangible asset over a set period of time.

Gross Domestic Product (GDP) Gross domestic product (GDP) is the monetary value of all finished goods and services made within a country during a specific period.

Standard of Living A standard of living refers to the amount and quality of material goods and services available to a given population. The standard of living includes basic material factors such as income, gross domestic product (GDP), life expectancy, and economic opportunity. The standard...

Consumer Confidence Index (CCI) The Consumer Confidence Index is a survey, administered by The Conference Board, that measures how optimistic or pessimistic consumers are regarding their expected financial situation.

Income Tax Income tax is a tax that governments impose on income generated by businesses and individuals within their jurisdiction.

Disposable income Disposable income, also known as disposable personal income (DPI), is the amount of money that households have available for spending and saving after income taxes have been accounted for. Disposable personal income is often monitored as one of the many key economic indicators...

Household Expenses Household expenses represent a per-person breakdown of general living expenses. They include the amount paid for lodging, food consumed within the home, utilities paid, and other costs. The sum of all the expenses is then divided by the number of family members residing...

Compound Interest Compound interest (or compounding interest) is interest calculated on the initial principal, which also includes all of the accumulated interest of previous periods of a deposit or loan. Thought to have originated in 17th century Italy, compound interest can be thought of as...