Category: International / Global Economic Environment

Concept of National Income National income Income: The amount of money or its equivalent received during a period of time in exchange for  labor or services, from the sale of goods or property, or as profit from financial  investments. The amount of monetary or other returns, either earned or unearned, accruing over a given period of time  Net income is calculated by taking revenues and adjusting for the cost of doing …

International monetary systems  The international monetary system refers to the institutional arrangements that countries adopt to govern exchange rates. International monetary systems are sets of internationally …

Foreign exchange Market: Foreign exchange is also known as “Forex”. According to Kindleberger,  “the foreign exchange market is a place where foreign moneys are bought …

  Balance of Payment      BOP BOP is an accounting of a country’s international transactions by individuals, firms and government agencies) for a specific …

Multi national companies, International Factor Movements and Multinational Enterprises Definition: There is no single agreed-upon definition of the multinational (or transnational) enterprise. This is hardly surprising …

Trade, Tariff and Trade barrier Tariff Tariff is a tax imposed on goods   coming into a country i.e. import and going out of a country …

Monetary policy Monetary policy is a regulatory policy by which the central bank or monetary authority of a country controls the supply of money, availability …

The fiscal policy The fiscal policy is concerned with the raising of government revenue and incurring of government expenditure. To generate revenue and to incur …

  Concept of National Income Fiscal Policy  Monetary policy  Inflation Economic Environment: Global economic environment Trade History Foundations of Modem Trade theory: Comparative Advantage   ,  Sources …