ECONOMICS

Detailed explanation-1: -A haircut refers to the lower-than-market value placed on an asset being used as collateral for a loan. The haircut is expressed as a percentage of the markdown between the two values.

Detailed explanation-2: -In financial markets, a haircut refers to a reduction applied to the value of an asset. It is expressed as a percentage. For example, if an asset – such as holdings of a particular government bond – is worth €1 million but is given a haircut of 20%, it means it is treated as though it has a value of only €0.8 million.

Detailed explanation-3: -In order to make a profit and take home money to make a living, a stylist has to bring in more than $10.86 each hour. It takes 20-30 minutes on each man’s or child’s haircut, and 30-60 minutes on each women’s haircut. This includes washing and styling time, discussing products, and ensuring client’s satisfaction.

Detailed explanation-4: -Looking at just the money spent on scissors-to-hair, hair-on the-ground haircuts, the average guy spends $22.74 per haircut while the average woman spends $29.55. Although female haircuts are still more expensive than male haircuts, the difference is much less stark.