Asset classes are like the categories in a library. They help us to understand the different investments and characteristics they share.
Economies of scale is a concept that can be applied to businesses of all sizes, and it refers to cheaper and larger quantities of a product.
The network effect is a phenomenon whereby a good or service becomes more valuable when more people use it, such as Facebook and LinkedIn.
The concept of a hurdle rate is used in both business and finance when making decisions about whether to move forward with an investment.