A game of chance is a game that relies more on luck than skill. These are mainly games that people bet on. Any game of chance involving money is betting. A game of chance contrasts with a game of skill. For example, the outcome of a tennis match depends on […]
Author: financial Terms
What is a blue-collar worker? Definition and examples
Blue-collar employees are employees whose jobs require skill or physical strength rather than clerical skills. A worker is a manual worker. For example, factory workers and store workers are blue-collar workers. People who do “vocational” also fall into this category. If we consider a job “blue-collar”, it must be directly […]
What are commodities? Definition and examples
Commodities are agricultural products and raw materials. In other words, things that mining companies, oil companies, and farmers produce or extract. For example, iron ore is a commodity, like sugar and grain. Some mass-produced non-specialized goods or services are also commodities, such as computer memory or chemicals. According to the Cambridge […]
What is competition? Definition and examples
In economics, competition is a situation in which one company tries to be more successful than another. A company may try to outsell its competitors. It can also strive to gain a larger market share. Usually, several companies are competing. The word refers to a race in which suppliers of […]
What is machine learning? Definition and examples
Machine learning is an application of artificial intelligence that gives “smart” machines the ability to learn and improve automatically. They improve with experience, even if computer scientists don’t explicitly program them for certain tasks. The term refers to the development of software engineering that allows machines to access data and […]
What are payday loans? Definition and examples
payday loans are small loans in which the borrower agrees to pay back when they have received a paycheck. Lenders charge very high interest rates. Although these loans are tied to the borrower’s salary, they are unsecured loans. An unsecured loan is a loan without collateral (collateral) or without a […]
What is a server? Definition and examples
A server is a computer machine or program that provides data or functionality to other machines or programs. We call other devices or programs “clients”. Most commonly, this term refers to a computer that provides data to other computers. Data may be made available to systems on a Wide Area […]
What is personal property coverage? Definition and examples
Personal property insurance protects policyholders in the event of damage or loss of items in their home. We also call it personal property insurance or content insurance. In some countries, insurance companies may use the term Personal Effects Insurance. Personal property insurance and furniture insurance are very similar and often […]
What are neural networks? Definition and examples
Neural networks are a collection of algorithms and loosely modeled on the human brain. Computer scientists designed them to recognize patterns. We also call them artificial neural networks or ANNs. Neural networks are not algorithms themselves, but frameworks for many different machine learning algorithms working together. Complex data processing algorithms. […]
What is a debit card? Definition and examples
Debit cards are plastic cards that we use to pay instead of cash when making purchases. It is also known as a bank card or credit card. It’s not like a credit card. Credit cards lend you money when you buy things, while debit cards debit your bank account. hence […]