Uneconomic Growth

Uneconomic growth is that aspect of an economy where decline in the value and style of life is created. Violation of economical environment causes changes in the social system which in turn affects economic growth. It is also a reflection of poor preparation of economic strategy. Many conventional economists argue that development that depends completely on tapping greater knowledge instead of working on increasing resource consumption is not eligible as uneconomic growth.

Passive Management

Passive management is the policy generally taken by a fund manager on his portfolios so that he can reduce operational cost. It is generally applied to the stock market industry as well as in bonds and hedge funds. Many investors find passive management as an unreasonable method of fund management.Barclay and State Street Corp. follows this method of management and Vanguard 500 is a passive management fund which is considered to be one of the biggest equity fund.

Bank Privacy

All banks are required and expected to protect the data of their clients.Bank privacy was introduced in the year 1934 under the Swiss Banking act and it had given birth to the concept of private banking.

There are many reasons for using banking privacy.They are used to conceal information from being leaked to friends,family members,employers and so on.They are also used to get protection from over-bearing,litigation,solicitation, but in spite of so many advantages it has often been criticized as a medium of secret economy.