Can a minor enforce a contract?

Can a minor enforce a contract? A minor does have the ability to enter into a legal contract. The problem, however, is that the courts will not enforce most contracts involving a minor. Generally, if a minor makes a contract, the minor has the ability to void the contract until they reach the age of […]

What is productive capital?

What is productive capital? a functional form constituting the second stage of the circulation of industrial capital (seeCIRCULATION OF CAPITAL). Unlike monetary capital and commodity capital, which are involved in the sphere of circulation, productive capital is involved in the sphere of production. Why are they called factors of production? Why are resources also called […]

How did Steamboat help the Southern economy?

How did Steamboat help the Southern economy? From carrying cash crops to market to contributing to slave productivity, increasing the flexibility of labor, and connecting southerners to overlapping orbits of regional, national, and international markets, steamboats not only benefited slaveholders and northern industries but also affected cotton production. How did the steamboat impact the economy? […]

Which is not a financial institution?

Which is not a financial institution? Examples of nonbank financial institutions include insurance firms, venture capitalists, currency exchanges, some microloan organizations, and pawn shops. These non-bank financial institutions provide services that are not necessarily suited to banks, serve as competition to banks, and specialize in sectors or groups. What do financial institutions provide? Financial institutions […]

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