Popular Business Terms and Definitions from the glossary..

• Drop Shipping - A dropshipper or wholesale dropship company ships wholesale merchandise blind for online retailers or auction sellers, taking away the need to store products in a warehouse.
• Pledge of Allegiance - A patriotic oath to the flag of the United States of America used by Americans to show their loyalty to their country.
• Stagflation - Stagflation results when a recession, or economic stagnation, is combined with inflation (decrease in value of the currency).
• Recession - A recession refers to a period of economic decline in a country's Gross Domestic Product (GDP) for more than two consecutive quarters.
• Deflation - Deflation is a negative inflation rate and refers to a decrease in the overall price or cost of goods and services. While inflation reduces the actual value of money, deflation increases the value of each unit of currency but is usually seen as a negative result of a poor economy where there has been a decrease in the money supply and less credit lending.
• Depression - A depression is a long downturn of a country's economy, usually marked by a long economic recession, decline in economic growth, increase in job cuts, significant increases in unemployment, and a significant downturn in stock markets.
• Time Management - Time management refers to the ability to properly plan and use time in order to promote efficiency and productivity. Instead of actually managing time itself, the term refers to the management of activities and processes that occur during a general or specified period of time.
• Ponzi Scheme - Ponzi scheme is the name of a fraudulent operation designed to take money from new "investors" and give it to previous "investors" instead of using it to create an actual profit. Ponzi schemes are usually cloaked by seemingly legitimate investment operations with high returns for those who buy into the program. Named after Charles Ponzi.
• Entrepreneurship - Entrepreneurship refers to an individual or group of individuals who start a new business or organization or revitalize an existing business or organization. These include businesses or projects for profit as well as non-profit organizations.
• Sociology - Sociology refers to the study of human behavior and society as a whole. Sociology usually incorporates the history and evolution of human behavior, the institutions, structure, development, and organization of human society.
• Marxism - Developed by Karl Marx and Friedrich Engels in the 19th century, Marxism refers to the idea that all evolving economies ultimately take the same course: Feudalism to capitalism and eventually ending up as a socialist or communist environment where economic and social classes no longer exist.
• Mitigation of Global Warming - Mitigation of Global Warming refers to the actions taken by individuals or corporations to reduce the greenhouse gas emissions in order to minimize their effects on global climate change.
• Greenhouse Gas - Greenhouse gases refer to gases in the Earth's atmosphere that prevent the release of heat into space and therefore maintain heat retention in the atmosphere of the planet. Much like a greenhouse trapping the heat of the sun, greenhouse gases act like a clear insulating blanket, allowing the sun's energy to warm the atmosphere but not allowing the Earth to radiate some of that heat back into space.
• Carbon Dioxide - Carbon dioxide is a molecule consisting of one carbon atom and two oxygen atoms. This molecule is a common by-product of animal and plant respiratory functions and is found naturally in the Earth's atmosphere as a gas. Carbon Dioxide is also required by plants for photosynthesis in which the molecule is used in combination with water to create cellulose and sugars.
• Deadline - A Deadline is a specific date or due date by a which time a project must be completed or debt paid. The term also refers to a time limit or specific length of time by the end of which the project or debt must be finished. Failure to meet a deadline usually results in negative consequences.
• Self Help - Self Help, otherwise known as Self Improvement, refers to the acts of an individual to improve himself or herself without assistance from anyone else. The term refers to any measure used to improve mental, physical, financial or spiritual conditions alone or by means of books or other reference materials.
• Philanthropy - Usually refers to the act of generosity associated with giving money, time, or effort to a charitable cause or institution under the intention of improving the well-being of humanity.
• Social Responsibility - The Term Social Responsibility refers to the idea that companies and corporations should contribute wealth or resources solely dedicated to the improvement of society as a whole. The principal of social responsibility dictates that these entities should contribute at least a small amount of resources to the general well being of humanity.
• Global Warming - Is the increase in the Earth's overall average temperature over recent decades and its projected increase in coming years. In recent years, this term has been used to describe the effect of human activities on the Earth's atmosphere.
• Billionaire - Refers to an individual whose net wealth equals or exceeds one billion dollars or pounds. If the individual has wealth in a currency other than dollars or pounds, the value of wealth is assessed according to general exchange rates.
• Millionaire - Is an individual whose net worth is equivalent to or greater than one million dollars or one million British pounds. Individuals who quantify their worth in other currencies qualify as millionaires based on the exchange rate and their estimated value in dollars or pounds.
• Black Monday 1987 - Is the Monday on October 19, 1987 when the Dow Jones Industrial Average lost 22.6% and similar stock markets around the world dropped enormous percentages.
• Bear Market - Is a declining stock market, in which consumer confidence and financial expectations are on a decline and the market continues to lose value.
• Bull Market - Refers to the state of a market, usually a stock market, or trading group (bonds, commodities, etc.) where financial confidence and expectations are high and the market itself is rising in value.
• Mortgage Loans - Is a loan used to purchase property, often referred to as a mortgage or a home loan.
• Subprime Lending - Is a type of lending commonly used in the United States of America by borrowers that would not usually qualify for a regular loan.
• Subprime Crisis - Is a 2007 financial crisis that started in the United States of America from the high number of defaulting borrowers with subprime mortgages.
• Wall Street Crash 1929 - Refers to the dates in late October of 1929 during which the American stock market crashed, causing widespread panic through the population and ultimately solidifying the beginning of The Great Depression.