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What are economic sectors?
For the functions of analysis the production of goods and services can be classified in four groupings as given below:
a. Primary sector
b. Secondary sector
c. Tertiary sector
d. Quaternary sector
How do economists group countries at various stages of development? There are three major forms of classifications: • IMF: Developing and industrial, transitional economi
explain why each of the following factors influence the own price elasticity of demand for a comodity 1. Consumer preferences 2. the narrowness of definiton of the commodity
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Why do countries trade? International trade is the swap of goods and services among countries. Trade enhances consumer choice and complete welfare. Various countries have v
Discuss Morality in international context
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