What Is An Economic Concession?

An economic concession is usually

a licence granted by the state to a private individual or corporation to undertake works of a public character

, extending over a considerable period of time, and involving the investment of more or less large sums of capital.

What are the types of concession?

There are several kinds of concessions, represented by the three concession forms:

Pre-requisite Waivers

, General Concessions (different kinds, which are specified in the checklist on the form); and Timetable Clashes.

What is a concession in a contract?

A concession agreement is

a contract that gives a company the right to operate a specific business within a government’s jurisdiction or on another firm’s property

, subject to particular terms. … Concession agreements are sometimes used to take advantage of other nations.

What is a concession holder?

Concessions involve

a contractual arrangement between a public authority and an economic operator

(the concession holder). … Concession holders may, for example, build and manage motorways, provide airport services, or operate water distribution networks.

What is a concession in trade?

A concession—also known as a selling concession—is

the compensation a selling group receives as part of a stock or bond underwriting agreement

. … Included in the underwriting spread is the management fee, selling concession, and underwriter’s compensation.

What is an example of a concession?

Examples of Concession:

A teenager arguing to her parents that she needs a cell phone makes

the following concession: … A politician arguing that his country needs to send troops into a warzone makes the following concession: I know that any time we send troops into harm’s way, it is a risk that some will not come back.

How do concessions work?

It works like this: The buyer

(or the buyer’s agent) negotiates the concession amount with the seller or the seller’s agent

. … Concessions don’t give buyers cash back at closing, nor can they be used to cover the buyer’s down payment. They’re strictly intended to reduce what the buyer pays at closing.

What is difference between discount and concession?

As nouns the difference between concession and discount

is that

concession is the act of conceding

, especially that of defeat while discount is discount (reduction in price).

What is a concession fee?

Concession Fee means

the amount specified in Item 6(a) of Schedule 1 and charged by the Grantor for the Concessionaire’s right to carry out the Concession Activity on

the Land. … It also includes, where relevant, the amount which the parties agree to be the new Concession Fee on a renewal of the Document.

What is a concession strategy?

Your concession strategy is

a plan of the goals / positions and sometimes the underlying interests that you will be trading with the other party

. … ‘Concession Strategy’ is more accurately called the ‘Trading Plan’.

What do you mean by tax concession?

a reduction made by the government in the amount of tax

that a particular group of people or type of organization has to pay or a change in the tax system that benefits those people.

What is a concession in English?

1a : the

act or an instance of conceding

(as by granting something as a right, accepting something as true, or acknowledging defeat) The union will seek further concessions before accepting the contract. b : the admitting of a point claimed in argument. 2 : something conceded or granted: a : acknowledgment, admission.

What is the difference between a franchise and a concession?

As nouns the difference between franchise and concession

is that

franchise is a right or privilege officially granted to a person, a group of people, or a company by a government

while concession is the act of conceding, especially that of defeat.

What is the best concession food to sell?

• Cotton Candy.
• Nachos.
• Pretzels.
• Roasted Nuts.
• Snow Cones.
• Corn Dogs.
• Pretzels.
• Ice Cream.

How do you introduce a concession?

You begin this paragraph by admitting

that there are some who do not accept your thesis

, and that there is the possibility for holding a different point of view. You then provide one or two reasons for holding such a point of view, reasons that work against your thesis.

How do you create a concession?

1. During Bargaining you must make concessions.
2. You have to give to get.
3. You must manage your concessions.
4. Give value, but don’t rush.
5. Send the right message.
6. Create a sense of satisfaction.
7. Link concessions and keep trades provisional.
8. Give value but don’t rush.