Essay Database

Title: A Basic Analysis of the Balkan Economy in Relation to the E.U. I think that it is right to begin with the Theory of consumer choice. The above consumer has expressed his preference of choice. He has a taste for seafood which he prefers above all other types of food. This does not mean that he only eats seafood, but in line with the last two elements of the theory of consumer choice, …

…than ordinary shares and lower than debentures. The clear company advantage is that preference shares are a source of long term , though not permanent, finance and that the dividend does not have to be paid if company profits do not justify it. Preference shares are not really popular with companies or investors. In 1993 they were only 7.7% of the total. There are a number of characteristics shared by small companies which make it difficult for th