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Elon Musk in 2022. Elon Musk is the wealthiest person in the world, with an estimated net worth of US$436 billion as of January 22, 2025, according to the Bloomberg Billionaires Index, [1] and $426 billion according to Forbes, [2] primarily from his ownership stakes in Tesla, Inc. and SpaceX. [3]
Income is the consumption and saving opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms. [1] Income is difficult to define conceptually and the definition may be different across fields.
Gresham's law is typically stated as "Bad money drives good money out of circulation", but more accurately "Bad money drives good money out of circulation if their exchange rate is set by law." Coined in 1858 by British economist Henry Dunning Macleod , and named for Sir Thomas Gresham (1519–1579).
Keynes's admission of income as an influence on the demand for money is a step back in the direction of classical theory, and Hicks takes a further step in the same direction by generalizing the propensity to save to take both Y and r as arguments. Less classically he extends this generalization to the schedule of the marginal efficiency of ...
September 17, 2008: Investors withdrew $144 billion from U.S. money market funds, the equivalent of a bank run on money market funds, which frequently invest in commercial paper issued by corporations to fund their operations and payrolls, causing the short-term lending market to freeze. The withdrawal compared to $7.1 billion in withdrawals ...
Norway's GDP, 1979 to 2004. Source: Statistics Norway. The economy of Norway is a highly developed mixed economy with state-ownership in strategic areas. Although sensitive to global business cycles, the economy of Norway has shown robust growth since the start of the industrial era.
The Iraq Petroleum Company (IPC), formerly known as the Turkish Petroleum Company (TPC), is an oil company that had a virtual monopoly on all oil exploration and production in Iraq between 1925 and 1961.