Demonetization refers to an economic policy where a certain currency unit ceases to be recognized or used as a form of legal tender. In other words, a currency unit still loses its legal tender status as a new one comes into circulation. The government can take such decisions to stop the circulation of a denomination of notes or coins in the economy. The currency unit that … [Read more...] about What is the Meaning of Demonetization?
Globalization is a word that is all too familiar because it's often used in the mainstream media or we read about it in different publications. So what is globalization? Globalization can simply be defined as the process of going global. The word globe as we know it refers to earth. So when something has gone global it means that its reach is far and wide. It is an act that … [Read more...] about Globalization: Its Meaning and Importance
Introduction: An economy is usually composed of different players. The economy of a given region basically involves the production, distribution, and consumption of products and services within that area. It entails the activities that people engage in to earn a living. Different types of economies exist. They are namely command, traditional, mixed and market economies. They … [Read more...] about Market Economy: Meaning, Features, Advantages and Disadvantages
Globalization is the process where people, organizations, companies and nations interact and integrate. This is through international trade and the development of technology. Globalization has a number of impacts on the economic, social and political structures of a nation. There are both positive and negative effects for each case. The major economic impact is that there is … [Read more...] about Short Paragraph on Globalization
Globalization is a phenomenon that affects all of our lives. More and more, we find ourselves living in a globalized society and this helps to shape everything from how we do our business deals to how we make friends - even how we love. But what exactly is globalization, and is it any good for us? To help you to make your mind up about this important issue, we have put … [Read more...] about Globalization: Advantages and Disadvantages of Globalization