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International trade:
International trade refers to the exchange of goods and services between countries. Goods sold to other countries are referred to as exports and goods bought from them are dubbed as imports. International trade also involves movement of capital between countries.The bottom line for the existence of international trade is differences in cost of production across countries. Balance of payments is an account that summarizes a country’s total payments and total receipts from international economic transactions within a specific period usually one year.
The foreign exchange market is an organizational setting within which individuals, business firms, banks etc buy and sell foreign currency, It has no centralised meeting place and not limited to one country.
What are the advantages of using mathematics in Modern Economics? Many of the advantages of using mathematics are as follows: a. The “language” used and the explanations of
Fixed costs are those which are independent of output that is they do not change with changes in output. These costs are a fixed amount which must be incurred by a firm in the shor
Divisional Str ucture Some organizations run as a number of divide, autonomous business units, synchronized by a central headquarters. This is a divisional structure.
Industrial Policy: Government policies which are aimed at fostering the domestic development of particular desirable or productive industries, in order to enhance productivity, cre
Q. Describe about Capitalism? Capitalism: An economic system in that privately-owned businesses and companies undertake most economic activity (with the goal of generating priv
IS INDIAN COMPANIES RUNNING A RISK BY NOT GIVING ATTENTION TO COST CUTTING?
Participation in Global System of Production: As national economies are getting more inter-linked, the share of foreign components in most manufactured products is progressiv
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Find the market-clearing price and quantity of burritos.
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