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Arbitrage Is the Process of Taking Advantage of Differences in Prices

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Arbitrage is the process of taking advantage of differences in prices of the same good by buying where the good is cheap and selling where it is expensive.


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Mercenaries

Soldiers for hire who are not part of a regular army or any country's official military force, often motivated by private gain.

State Constitutions

The governing documents of each U.S. state, outlining the structure, functions, and principles of state government.

Democracy

A system of government in which power is vested in the people, who rule either directly or through freely elected representatives.

Governmental Power

The authority and influence that a government holds in order to govern and administer its jurisdiction, including making laws, enforcing them, and managing public services.

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