The balance of payments is a record of all economic transactions between a country and the rest of the world over a certain period of time. A balance of payments deficit or surplus occurs when a country's total payments for goods, services, and capital outflows exceed or fall short of its total receipts from the rest of the world. A disequilibrium in a country’s Balance … [Read more...] about 21 Causes of Disequilibrium in Balance of Payment
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21 Measures to Correct Disequilibrium in Balance of Payment
A balance of payments (BOP) disequilibrium occurs when there is an imbalance between a country's international payments and receipts. If a country has a deficit in its BOP, it means that it is importing more goods and services than it is exporting or that it is paying out more money to foreign investors than it is receiving. Conversely, if a country has a surplus in its BOP, … [Read more...] about 21 Measures to Correct Disequilibrium in Balance of Payment
13 Important Characteristics of Business Environment
The business is the product of the political-legal, economic, social-cultural, and natural factors amide which it functions, Three features are common to this web of relationship between business and its environment. There is a symbiotic relationship between business and its environment and among environmental factors. In other words, business is influenced by its … [Read more...] about 13 Important Characteristics of Business Environment
What is Format of Balance of Payment (With Examples)
The Balance of payments (BOP) country is a record of all ‘Economic Transactions’ between the residents of the country and the residents of other countries. The balance of payments is a comprehensive and systematic record of all economic transactions, between the residents of a country and the rest of the world. The balance of payments is merely a way of listing … [Read more...] about What is Format of Balance of Payment (With Examples)
11 Key Advantages and Disadvantages of Mixed Economy
A mixed economic system is a system in which the public sector and private sector are allotted their respective roles in promoting the economic welfare of all sections of the community. A mixed economy may be defined as a system of Mixed private and governmentally owned or controlled enterprises, it is one in which business activities are carried on with numerous business … [Read more...] about 11 Key Advantages and Disadvantages of Mixed Economy