The balance of trade is a key economic indicator that measures the difference between the total value of goods and services a country exports and the total value
Monetary policy is an important tool for promoting economic growth. The central bank or monetary authority is responsible for setting and implementing monetary policy, which involves controlling the
The parallel economy exists in many countries around the world and can have significant economic, social, and political implications. In this context, understanding the factors that contribute to
The parallel economy, also referred to as the informal or shadow economy, comprises economic activities that go unreported or unrecorded and are not subject to government regulations, taxes,
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,
Inflation refers to the sustained and gradual increase in the overall price level of goods and services in an economy, leading to a decrease in the purchasing power
Gross National Product (GNP) is a measure of the total economic output produced by a country’s residents, including businesses and citizens, regardless of their location. It is an
The Federal Reserve’s interest rate announcement is closely watched by financial markets and policymakers alike, as it can have a significant impact on various aspects of the economy.
What is Monetary Policy? Monetary policy refers to those measures adopted by the Central Banking authorities to manipulate the various instruments of credit control. The instruments of monetary
