The theory of comparative advantage is an economic theory about the work gains from trade for individuals, firms, or nations that arise f…
In economics, the principle of absolute advantage refers to the ability of a party (an individual, or firm, or country) to produce a gr…
Economies of scope : the cost savings developed by a group when it shares activities or transfers capabilities and competencies from on…
Spot - A spot transaction is a two-day delivery transaction (except in the case of trades between
The balance of payments of a country is the record of all economic transactions between the residents of a country and the rest of th…
If manager want to succeed in today’s volatile global economy, manager must be prepared to do business all around the world. Internatio…
