Showing posts from September, 2024Show all
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GLOBAL ECONOMIC
Monetary Policy, Objectives, and Instruments
Monetary Policy A monetary policy consists of all those measures adopted by a nation's central bank or monetary authority to control the supply…
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GLOBAL ECONOMIC
Human Capital Formation
Human capital is very important for development, along with real capital. Human capital means the number of skilled, educated, and experienced peop…
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GLOBAL ECONOMIC
Balance of Trade, and Its Importance
What is the Balance of Trade (BOT) The balance of trade is a key component of a country’s current account in the balance of payments (BOP). It refers…
GLOBAL ECONOMIC
What is Economic Development
Economic Development Economic Development means the continuous increase in a country's real income over a long period. It is the process by whi…
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