Definitions

What is a SWIFT System? Swift Code Definition SWIFT stands for Society for Worldwide Interbank Financial Telecommunication. SWIFT system , The concept of "SWIFT" can be clarified, as it is the association of financial communications that connects banks, forms the infrastructure, links financial messages between all banks in the world, and processes millions of daily banking transactions in more than 200 countries every day for more than 11 thousand financial institutions. What is a swift code? The Swift Code is a standardized form of the bank identification code, and each bank branch has its own identification code that is used to transfer funds between banks, especially in international bank transfers. What are the components of a swift code? The Swift code consists of 8 digits when it refers to the main branch of the bank or 11 digits when it refers to one of the bank’s branches. 1- The AAAA, which is the first 4 letters that refer to the bank code, are only letters. 2- T...

Definition of Fintech FinTech Concept FinTech is services provided to individuals and companies with the aim of integrating technology with the financial transactions that people make in order to facilitate their lives and save them time. Such as the following services in brief: Money transfer service " PayPal ". Payment service in the Apple Store " Apple Pay ". The service of enabling online purchases using " bank payment cards ". The " Online Stock Trading " service is " Fintech " like Thndr App in Egypt or "IBKR" in USA. Automated teller machine ( ATM ) withdrawal service. And many other services that are provided in the field of fintech, help companies and individuals to manage the financial aspects of their business in a simple and effortless manner.

Definition of Marketing Marketing Definition There are many definitions of the term marketing, and we will review two of them: Marketing can be defined as the process by which companies provide value to customers and build strong relationships with them in order to obtain value from customers. Marketing is a set of activities that work to discover the desires of customers and develop a set of products or services that satisfy their desires and achieve profits for the organization during an appropriate period of time.

Definition of Economic Resources Economic Resource Concept Economic resources are often characterized by relative scarcity, that is, the available amount of them is usually insufficient to produce multiple and renewable human goods and services. We can know it through the following: Economic resources can be defined as anything suitable for the production of goods and services that satisfy human needs. Economic resources can be defined in every other way as the stock of wealth available in society, in addition to being called the factors of production or the inputs of the production process. Elements of economic resources Economic resources are divided into four elements: The Capital element. The Labor element. The Land element. Organization, and Management element. Reasons for studying economic resources What is the reason for the interest of economists in the study of economic resources? If we look at economic resources and why economists are interested in studying them, we will ...