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This article actually focus on World Economy, which is considered as the international exchange of goods and services that is expressed in monetary units of…

Transition Economy is an economy which is changing from a centrally planned economy to a market economy. It is moving from being a controlled economy…

Token Economy is a system for providing positive reinforcement to a child or children by giving them tokens for completing tasks or behaving in desired…

This article talks about Plantation Economy, which is an economy based on agricultural mass production. It continue to reflect the historic legacy with plantation-type enterprises…

Palace Economy is a system of economic organisation in which wealth flows out from a central source, eventually reaching the common people, who have no…

Property Law actually referred to as movable property, is anything other than land that can be the subject of ownership, including stocks, money, notes, Patents,…

Product Liability actually refers to a manufacturer or seller being held liable for placing a defective product into the hands of a consumer. It is…

Cash Crop is a crop that is grown mainly to be sold, rather than used by the people who grew it or those living in…

Merchant Bank actually experts in international trade, which makes them specialists in dealing with multinational corporations. It may also perform some of the same services…

Linder Hypothesis is a terms of economics, which was proposed by Staffan Linder in 1961. It suggests countries will specialize in the production of certain…

This article describe about International Factor Movements, which occur in three ways: immigration/emigration, capital transfers through international borrowing and lending, and foreign direct investment. It…

Free On Board is a term in international commercial law, which was also called collect freight, freight collect, or freight forward. It is a trade…