Understanding Economics

Understanding Economics is not as easy as one may think. For a long time now, there seems to be a common misconception that Economics is all about money. This is absolutely not true, and there is more to Economics than just finance. While there are most definitely monetary elements present in the study of Economics, the meaning of Economics is all about getting the best possible use out of all types of resources. This includes a large variety of resources, some of which include land, technolo...

How Factoring Can Help SMEs in Capital Management

The current economic climate is still on the road to recovery. During this time, small to medium sized businesses need to be smart with their cash flow and capital management. The reason for the delay of the financial recovery is that the lending behaviours of banks has changed in the last few years. Businesses, normally, are at the mercy of their debtor’s payment schedules. This holds true when invoices are raised in arrears. While depending on the schedule, there can be an indefinite wa...

Drug Safety Complexities & Pointers For Pharmaceuticals

While there are various aspects of business risks and realities for pharmaceuticals, drug safety is the top agenda in most instances. Even for well marketed, researched and accessible drugs, this can be a problem. Pharmacovigilance is a unique term derived to describe business models that cater to this issue. Normally companies operate on a four-pillar structure of scientific abilities, intellectual property, regulation/politics and commercialization. Most companies believe that during the pr...

Tax Year 2013-2014: Impact On Allowances & Benefits

This year was marked with a number of changes introduced into the tax system. While not overly extensive, their impact on allowances and benefits needs to be simplified. The reason is that with the tax filing dates coming near, it is important to know about the tax structure and how it affects the income of individuals and businesses. Based on the changes, earnings can be deferred accordingly to stave off any side effect from a high tax rate. The personal allowance for people who are under th...