Explain the types of demand.
Introduction: The term demand is different from desire, want; wish etc. in the language of economics the term…
What is Economic Dynamics? Explain its uses and limitations.
Meaning: The term Dynamic means changing or moving. So, dynamic economics is a study of the changing economy.…
What is static Economics? Explain its uses and limitation.
Meaning: The study of economics on the basis of standstill condition is called static economic analysis or static…
Explain the merits and demerits of Micro Economics.
Introduction: The word micro means millionth part. Microeconomics makes in microscopic study of every small unit of the…
Write a note on Quotas.
Introduction: Quotas in economics refers to limits set by a government on the quantity or value of a…
What is Tariff? Explain its types.
Meaning: Tariffs are taxes or duties imposed by a government on imported goods and services. They are used…
What is terms of trade? Explain its concepts.
Meaning: The rate at which a given quantity of a country’s export goods are exchanged for a given…
Explain the Heckcher-Ohlin theory of International Trade?
Introduction: Bertin – Ohlin, in his famous book inter regional and international trade 1933 criticize the classical theory…
Briefly explain the Comparative Cost theory of International trade.
Introduction: David Ricardo a British economist of 19th century analyzed the causes for and the benefit of international…
Explain the Features of international Trade.
Introduction: International trade is trade between different countries of the world. It refers to the exchange of goods…