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Introduction to Public Debt (Part 02)

This article is a continuation of Introduction to Public Debt (Part 01) With the high level of surging public debts the discussions about defaults are rising …

Introduction to Public Debt (Part 01)

Public debt indicates the amount of outstanding debt instruments that are issued by the government anytime during the past but not yet repaid. (Seater, 2008) …

What is Foodflation?

Foodflation has become a buzz in the world economy and said to have major impact on developing nations. What is this foodflation? What is happening to world …

What is Entrepreneurship?

Entrepreneurship is defined as the process of making money, earning profits and increasing the wealth while posing characteristics such as risk taking, …

Consumer Surplus and Producer Surplus

Consumer Surplus is defined as the difference between the price a customer is willing to pay for a product and the price that he actually ends up paying. When …

Similarities Between Goods and Services

In broad terms Goods and services are can be defined as any product that can satisfy human needs and wants. Even thought there are differences between goods …

Use and Problems of Measuring National Income Data

Use of National Income Data As a measurement of standard of living of people- The GNP and GDP statistics are used to measure the standard of living where a …

Calculating National Income

National income (Y) is defined as the total level of output of the economy. There are 03 approaches for  measuring national income and they are as follows: …

Introduction to National Income

National Income (Y) is an the total level of activity of given economy in a particular period. In other words national income measures the total level …

Domestic versus International Business

A firm needs to identify its potential market, locate adequate and available sources of supplies of raw materials and labor, raise initial amount of capital, …