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Dec 29, 2023 · The reform must be comprehensive, but it has two essential and urgent components; 1) enterprise reform, essentially of the state enterprise, 2) reform of the agricultural production subsystem. It is also essential to rethink the financing of the economy in general and the reform in particular.
Liquid assets are essential for both personal and business financial health. For individuals, having enough liquid assets ensures they can cover short-term needs, such as bills, unexpected expenses, or even emergencies like medical situations.
- Liquid Assets
- Fixed Assets
- Liquidity in An Economic Downturn
If a debt suddenly becomes due, the simplest way to meet that obligation is with cash. Physical currency is the only truly liquid asset, since it represents capital in its most accessible form. Because funds deposited in checking or savings accounts can generally be accessed almost immediately, they are also considered a liquid asset. Stocks and bo...
The things a business owns that contribute to its profitability but are not easily converted into currency are called fixed assets. Common examples of fixed assets include real estate, vehicles and equipment. If a shipping business needs to pay off a creditor on a short deadline, selling its fleet of delivery vans or pieces of large packaging equip...
In the event of a decrease in revenue or an economic downturn, a company that is highly illiquidwould have to deal with selling off, or liquidating, fixed assets to meet its financial obligations. This could mean selling property or equipment that is essential to the day-to-day operations of the business, limiting its ability to generate revenue do...
- Claire Boyte-White
Jan 16, 2024 · What are liquid assets and why are they important? Liquid assets are cash or securities that can be quickly converted to cash without losing value. They are crucial for handling emergencies, such as medical issues or job loss, by providing immediate funds without impacting long-term investments or credit scores.
Dec 22, 2023 · Cuba announced tough economic measures for 2024 that include raising prices for basic services and cutting subsidies on staples, alarming many in Havana.
Apr 27, 2024 · Omar Everleny Pérez, a Cuban economist and university professor, says the main culprits are the government’s growing fiscal deficit, the nonexistence of banknotes with a denomination greater than 1,000 Cuban pesos (about $3 in the parallel market), stubbornly high inflation and the nonreturn of cash to banks.
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Sep 28, 2023 · The economic crisis in Cuba is prompting an exodus by thousands, but also giving rise to a greater free market enterprise to begin taking hold on the Communist island.
