Reflection on The Sources of American Wealth

Reflection on the sources of American wealth illustrate a very important concept. Wealth disproportionately exists as a result of ownership of and participation in the component parts of markets. Businesses are the component parts and the representative share of the…

Understanding Return on Invested Capital

All businesses are subject to the same laws of economics, finance and rules of accounting. Leaving economic components aside for a moment, return on invested capital is the mechanism for decision making within a business. Stated another way, accounting is…