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Write a note on extension and contraction in demand.
Changes in Demand: Changes in demand in economics refer to shifts in the quantity of a good or service that consumers are willing and able to purchase at various prices. These changes can occur due to a variety of factors, and they are depicted graphically by a shift of the demand curve. Here are the…
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Explain the determinants of demand?
Introduction: The term demand is different from desire, want; wish etc. In economics the concept demand has different meaning. Any want or desire will not constitute demand. Demand refers to the total or a given quantity of a commodity that are purchased by a consumer in the market at a particular price at a particular…
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Explain the merits and demerits of fixed exchange rate.
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 like gold. Under this system, the government or central bank commits to maintaining the currency’s value within a narrow band…
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Explain the role and importance of M.N.Cs
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 large business corporation control predominantly by nationals of the countries in which their headquarters are situated, but with operating activities…
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Explain the merits and demerits of F.D.I
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 company from one country into another country, in the form of establishing business operations, acquiring assets, or taking a significant…
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Explain the objectives and functions of W.T.O.
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 permanent World Trade Organization. It has a legal status and enjoy privileges and immunities on the same footing as the…
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Write a note on history of G.A.T.T
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 multilateral basis. The history of G.A.T.T is The GATT was a multilateral treaty which has been signed by 96 governments…
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Explain the achievements of G.A.T.T
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 nor a court of justice. It was simply a multinational treaty which covered 80% of the World Trade, it was…
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What is Foreign Exchange Rate? Explain its factor determinants.
Meaning: Foreign exchange is the name given to any foreign currency. The market in which currencies of various countries are exchanged is called foreign exchange market. The participants of this market are commercial banks, foreign exchange brokers, other authorized dealers, monitory authorities etc. Foreign exchange rate is the price of one country’s currency in terms…
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Explain the methods of correction of disequilibrium in B.O.P?
Introduction: The balance of payment of a country is a systematic record of its receipts and payments in international transaction in a given year. Each transaction is entered on the credit and debit side of the balance sheet. The credit sides are visible and invisible exports, transfer receipts in the form of gift received from…