Economics

A local currency is a most commonly used currency within a country. In economics, it is a currency that can be spent at participating organizations…

A complementary currency is any currency that is not a national currency but is accepted in a country under certain conditions. It is a currency…

In economics, time preference (also known as time discounting, delay discounting, temporal discounting, or long-term orientation) is the current relative value placed on receiving a…

Regional integration refers to a variety of political and economic agreements that strengthen ties between sovereign nations. It can also have an impact on economic…

Regional integration is a multifaceted process in which sovereign nation-states establish common political, legal, economic, and social institutions to govern collectively. It is a process…

A trade bloc is a type of intergovernmental agreement, often part of a regional intergovernmental organization, in which trade barriers (tariffs and other restrictions) are…

A defensive stock is one that can be counted on to produce steady returns even during a downturn in the economy or the stock market.…

Trade facilitation has emerged as a critical factor in international trade efficiency and country economic development. It investigates how procedures and controls governing the movement…

Transaction costs are the costs incurred when purchasing or selling a product or service. These are expenses incurred that do not benefit any of the…

The Transfer Price is the price charged by related parties to each other. In layman’s terms, it is the cost at which various departments within…

A bubble is a type of economic cycle marked by fast increases in market value, notably in the price of assets. An economic bubble, also…

A price ceiling is a price restriction, or limit, established by the government or a group on the amount that can be charged for a…