Introduction: Money is anything that is generally accepted as a medium of exchange. For money to work effectively in an economy.it must have certain basic characteristics. The Characteristics of money are 1. General Acceptability: General…
Introduction: Money is one of the important and the basic concepts in economics. It serves as the foundation of modern economic systems, influencing everything from trade and investment to consumption, saving, and policy-making. The role…
Introduction: In economics, Terms of Trade means the rate at which one country’s goods exchange for the goods of another country. It reflects the relationship between the prices of a country’s exports and the prices…
A bank is a financial institution that accepts deposits from individuals and businesses, provides loans, and offers various financial services like currency exchange, wealth management, and payment processing. A bank is institution that deals in…
Introduction: A fixed exchange rate (also known as a pegged exchange rate) is a system in which a country’s currency value is tied or pegged to another currency, a basket of currencies, or a commodity…
Multinational corporations MNC are huge industrial organization which extender industrial and marketing operation over a number of countries. They are also known as transnational corporations, international corporations and global corporations. Multinational corporations may be defined as…
Introduction: The capital which come from other countries is called foreign capital almost all country depend upon foreign capital at the beginning of development. Foreign Direct Investment (FDI) refers to the investment made by a…
Introduction: The WTO is a successor to the GATT, the GATT was forum where the member countries met from time to time to discuss and solved World Trade problem, but WTO is a properly established…
History of G.A.T.T The GATT was a just an international organization having a permanent council of representatives with headquarters at Geneva. Its function was to call international conference to decide on trade liberalization on a…
The GATT [General Agreement on Trade and Tariff] was a multilateral treaty which has been signed by 96 governments known as contracting parties. 31 other countries had applied to GATT. It was neither an organization…
