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What Does Capital Markets Mean? A market in which individuals and institutions trade financial securities. Organizations/institutions in the public and private sectors also often sell securities on the capital markets in order to raise funds. Thus, this type of market is composed of both the primary and secondary markets. Classification • Primary market • Secondary market

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Richest Automobile CompanyIn May 2004, Toyota Motor Corporation (Toyota) announced record financial results for the fiscal year ended March 2004. The company's revenues and operating income had reached highs of $163 billion and $15 billion respectively (Refer Exhibit I). What was noteworthy, however, was that the company's net earnings were more than double the combined net earnings of automobile majors General Motors (GM), Ford, DaimlerChrysler, and Honda for their latest fiscals (Refer Exhibit II). Toyota was firmly entrenched as the most profitable company in the automobile industry in the early 2000s. At a time when the giants of the industry were making meager profits and some were even suffering losses, Toyota showed steady profits. This profitability gave the company a strong position in the Japanese economy as well as the global automobile industry, and helped it grow ra

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