BRICS
BRICS is an acronym for the grouping of the world’s leading emerging economies, namely Brazil, Russia, India, China and South Africa. The BRICS Leaders’ Summit …
Read MBA, BBA, B.COM Notes
BRICS is an acronym for the grouping of the world’s leading emerging economies, namely Brazil, Russia, India, China and South Africa. The BRICS Leaders’ Summit …
If a Kashmiri shawlmaker sells his goods to a buyer in Kanyakumari, he will receive in terms of Indian rupee. This suggests that the domestic …
Foreign exchange market is one of the important components of any economy today. It involves currency exchange, remittances, import & export, investments etc. This article …
There are three broad exchange rate systems—currency board, fixed exchange rate and floating rate exchange rate. A fourth can be added when a country does …
1. Inflation Rates Changes in market inflation cause changes in currency exchange rates. A country with a lower inflation rate than another’s will see an …
Year What Happened 1540-45 Sher Shah Suri issued a Silver coin which was in use during the Mughal period, Maratha era and British India. 1770-1832 …
Mercantilism is an economic theory and practise where the government seeks to regulate the economy and trade in order to promote domestic industry – often …
Adam Smith is generally ignored as a trade theorist in text books of international economics because of the common belief that he only confirmed the …
Eminent economists have said that the comparative cost theory is the basis of international business. It explains that: ”it pays countries to specialise in the production …
The factor endowment theory holds that countries are likely to be abundant in different types of resources. In economic reasoning, the simplest case for this …