The demand for one currency into another decides the fluctuation of foreign exchange transactions. The foreign exchange markets have many different …
Special Drawing Rights which is also known as SDRs were created by the IMF as a reserve asset in 1970. Apart from being an international reserve asset it plays …
The International Monetary Fund (IMF) is the international organization which thoroughly oversees the global financial system by following the macroeconomic …
Entrepreneurship is defined as the process of making money, earning profits and increasing the wealth while posing characteristics such as risk taking, …
Consumer Surplus is defined as the difference between the price a customer is willing to pay for a product and the price that he actually ends up paying. When …
In broad terms Goods and services are can be defined as any product that can satisfy human needs and wants. Even thought there are differences between goods …
Use of National Income Data As a measurement of standard of living of people- The GNP and GDP statistics are used to measure the standard of living where a …
National income (Y) is defined as the total level of output of the economy. There are 03 approaches for measuring national income and they are as follows: …
National Income (Y) is an the total level of activity of given economy in a particular period. In other words national income measures the total level …
ROSTOW’S STAGES OF ECONOMIC GROWTH This was provided in 1960 by W. Rostow and he identified five different economic stages for a country. * Traditional …