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  2. ZIM (shipping company) - Wikipedia

    en.wikipedia.org/wiki/ZIM_(shipping_company)

    Zim Integrated Shipping Services Ltd., commonly known as ZIM ( Hebrew: צים, tsim; a biblical word meaning "a fleet of ships", Numbers 24:24), is a publicly held Israeli international cargo shipping company, and one of the top 20 global carriers. [1] The company's headquarters are in Haifa, Israel; Founded in 1945, ZIM has traded on the New ...

  3. Economic equilibrium - Wikipedia

    en.wikipedia.org/wiki/Economic_equilibrium

    The equilibrium price in the market is $5.00 where demand and supply are equal at 12,000 units; If the current market price was $3.00 – there would be excess demand for 8,000 units, creating a shortage. If the current market price was $8.00 – there would be excess supply of 12,000 units.

  4. Price-cap regulation - Wikipedia

    en.wikipedia.org/wiki/Price-cap_regulation

    Price-cap regulation. Price-cap regulation is a form of incentive regulation capping the prices that firms in a natural monopoly position may charge their customers. Designed in the 1980s by UK Treasury economist Stephen Littlechild, it has been applied to all privatised British network utilities. It is contrasted with both rate-of-return ...

  5. Law of one price - Wikipedia

    en.wikipedia.org/wiki/Law_of_one_price

    The law of one price (LOOP) states that in the absence of trade frictions (such as transport costs and tariffs), and under conditions of free competition and price flexibility (where no individual sellers or buyers have power to manipulate prices and prices can freely adjust), identical goods sold in different locations must sell for the same price when prices are expressed in a common currency.

  6. Principle of minimum energy - Wikipedia

    en.wikipedia.org/wiki/Principle_of_minimum_energy

    Principle of minimum energy. The principle of minimum energy is essentially a restatement of the second law of thermodynamics. It states that for a closed system, with constant external parameters and entropy, the internal energy will decrease and approach a minimum value at equilibrium. External parameters generally means the volume, but may ...

  7. Fixed-price contract - Wikipedia

    en.wikipedia.org/wiki/Fixed-price_contract

    Fixed-price contract. A fixed-price contract is a type of contract for the supply of goods or services, such that the agreed payment amount will not subsequently be adjusted to reflect the resources used, costs incurred or time expended by the contractor. This contract type may be contrasted with a cost-plus contract, which is intended to cover ...

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