Case law is the body of prior decisions and precedents that have accumulated over time. Statutory law is made up of statutes, which are formal written laws/codes made by legislators.
Economic arbitrage occurs when businesses from wealthy nations trade with businesses from poor nations.
- In order to profit from a price differential, an investor will use the investment method of arbitrage to simultaneously buy and sell an asset in other marketplaces. The returns can be impressive when multiplied by a high volume, despite the fact that pricing variations are often tiny and transient.
- As an illustration, the stock of a phone firm trades on the NYSE for $25. It trades for $25.50 in the Shanghai Stock Exchange at the same time. The arbitrageur purchases the stock from the NYSE and sells it right away on the Shanghai market for a 50 cent profit.
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Answer:
The main difference between a salary and an hourly wage is that when someone is being paid monthly it means that their salary is fixed, meaning that the amount of money they get at the end of the month is not prone to changes. On the other hand, we have a wage earner who is paid by the hour of a specific work they do. It means that if they work 40 hours per week, they will get a certain amount of money but if they work an hour or two longer, they have the right to recieve that extra pay.
