Introduction The global economy is highly dependent on trade. Countries import and export goods and services to maintain their economic growth and development. One of the critical indicators
Who is a Business Economist? A business economist is a professional who specializes in applying economic principles to the business world. They use their knowledge of economic theory,
The greatest bane and perhaps the greatest defect of the present economic order is inequalities of income. It is often seen that the incomes of different individuals differ.
Significance of National Income Data National income data are of utmost importance for the economy of any country primarily because national income is the most dependable indicator of
Degrees (or) Types of Inflation Inflation is of different types. The following are the various types of inflation. These types of inflation are classified on different basis: 1.
What is Public Expenditure? Public expenditure refers to expenditure of the government. In the past, the subject of public expenditure was neglected because the expenditure of the government
What is Taxable Capacity? Taxable capacity is a much debated concept. It refers to the maximum capacity that a country can contribute by the way of taxation both
Advantages of International Trade 1. Advantages of specialization and division of labour It is beneficial in several respects. Important advantage is the division of labour and the consequent
What is International Trade? The term “trade” generally means exchange of goods among different individuals. If such exchange of goods takes place between two individuals or firms of