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Recent Post

Capital Formation Process

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

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

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

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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Closed Economy

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

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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