Confirmation can also refer to a broker’s written acknowledgment that they have completed a trade. These can be in electronic or paper form, and record information such as the date, price, commission, fees, and settlement terms of the trade. Brokers…
However, the revenue for its most established segment – rides – increased 19 per cent year over year to $2.90 billion. Uber’s network effects benefit drivers and riders, creating a continuous virtuous cycle. As a first mover in this market,…
Transfer payments are payments by the government to individuals, such as Social Security. Transfers are not included in GDP, because they do not represent production. Production of non-marketed goods and services—such as home production like when you clean your home—is not…
