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Capital Formation Process
Meaning of Capital Formation All the man-made factors used in further production are known as capital. Capital formation, therefore, refers ...
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Characteristics of Developing Countries
The countries in which the process of development has started but not completed and having a developing phase of different ...
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Differences between Closed Economy and Open Economy
An economy that does not involve in overseas trade is known as the closed economy and an economy having participation ...
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Introduction to Open Economy
Meaning/Introduction to Open Economy The economy in which there is the provision of international trade or foreign trade is known ...
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Introduction to Closed Economy
Based on the participation in international trade, economies can be divided into two types as the closed economy and the ...
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Macroeconomic Variables
The performance and behavior of the economy can be shown and analyzed by different economic variables and these are known ...
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