Internal trade
Introduction
International trade It means the exchange of goods and services between countries. Cost and Benef...
Balance of payment
Balance of payment Definition: Record of all economic transactions between the residents of a cou...
Economics integration
Economic integration It describes a process whereby countries coordinate and link their economic ...
Exchange rate
Exchange rate The price of one currency in term of another currency. Exchange rate index: the pri...
Protectionism
Tariffs A tax impose on imported goods. (regressive tax). It is regressive because the tariff on ...