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Monthly Archives: August 2020

 Causes of increase in public expenditure in recent years

Causes of increase in public expenditure in recent years are given below: Increase of population The population all over the world is increased more than before. The government needs to expense a lot of money to meet the primary needs of this increasing population Increase of protection cost In recent …

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Differences between Domestic trade and International trade?

What is international trade? Trade that takes place in two and more countries is known as international trade.  No country is perfect from the economic side. No man can produce his/her essential goods alone. Besides, no country alone can produce essential goods. Many countries can get better facilities because of …

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Importance of international trade

International trade is very important for any countries economy. The importance of international trade is described below. Import of unproduced products: No country can’t produce every item that they need to consume in the world. With the help of international trade, all countries are able to import their unproduced product …

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What are the Characteristics of the mixed economic system ?

T The main characteristics of the mixed economy are described below: Personal property ownership Personal ownership is recognized on the property and other materials of production under a mixed economy. Under a mixed economy, every person can enjoy possession of the property and transfer it to others. But the private …

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Characteristics of foreign trade

Some important characteristics of foreign trade are described below: Exportation of raw materials : The main characteristics of foreign trade are exporting raw materials. The maximum number of exporting trade comes from raw materials and agricultural goods. Such as raw jute, fish, tobacco, tea, leather, etc. Importation of industrial products: …

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Characteristics of the mixed economic system

The main characteristics of the mixed economy are described below: Personal property ownership Personal ownership is recognized on the property and other materials of production under a mixed economy. Under a mixed economy, every person can enjoy possession of the property and transfer it to others. But the private ownership …

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Characteristics of the socialistic economy

There are some important characteristics of the socialistic economy. These are – State ownership The main characteristics of the socialistic economy are the termination of private ownership of assets. There is private ownership over organization, land, and other materials of production. The state ownership is established overall assets of the …

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What are the Causes of inflation

What is Inflation? When the value of currency decrees against the regular price of the daily used products then it called Inflation. Inflation is a complex economical problem. There is the various reason for inflation. The major reasons are described below- Increased supply of money: The major reason for inflation …

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Disadvantages of Globalization

The original scenario of globalization is different. according to world economists,globalization is a part of capitalism. Globalization is the power of consumerism and aggression to the third world country. Underdeveloped and developing countries are suffering from fear of globalization. Some disadvantages are described below: Economic exploitation: Under the globalization process, …

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Arguments in favor of globalization:

The economist and sociologists in the western world are showing their strong logic in favor of globalization.  The advantages of globalization are described below: The free flow of product and service: The major positive side of globalization is free to flow goods and services among various countries in the world.   …

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