Posted in Finance, Accounting and Economics Terms, Total Reads: 348
Shoestring is s slang term used to denote a very small amount of capital that is barely adequate for the purpose.
A shoestring budget although just sufficient to cover the expenses, it may indicate much larger returns if the project is profitable. The profits will seem inflated due to extremely low costs.
Many companies, especially in tourism, have started shoestring holidays or offers, which are extremely budget friendly packages for adventure travellers. This is achieved by giving on the bare minimum requirements for travellers, hence it becomes extremely low budget.