Thursday, December 20, 2012

Globalization and Economic Development


Introduction

         Economics - The social science that deals with the production, distribution, and consumption of goods and services and with the theory and management of economies or economic systems.

         Macroeconomics - The study of the overall aspects and workings of a national economy, such as income, output, and the interrelationship among diverse economic sectors.

        Megaeconomics – It studies the interaction of national economies through comparative analysis of the economic systems.

         International Economics - A branch of economics that studies economic interactions among different countries, including foreign trade (exports and imports), foreign exchange (trading currency), balance of payments, and balance of trade. The study of interational economics focusses on two related areas - international trade and international finance.

To read further click on the following link below:



0 comments:

Post a Comment

  • More Text

  • Unordered List

  • Pages