Demonetization refers to an economic policy where a certain currency unit ceases to be recognized or used as a form of legal tender. In other words, a currency unit still loses its legal tender status as a new one comes into circulation. The government can take such decisions to stop the … [Read more...] about What is the Meaning of Demonetization?
Economics
Globalization: Its Meaning and Importance
Globalization is a word that is all too familiar because it's often used in the mainstream media or we read about it in different publications. So what is globalization? Globalization can simply be defined as the process of going global. The word globe as we know it refers to earth. So when … [Read more...] about Globalization: Its Meaning and Importance
Market Economy: Meaning, Features, Advantages and Disadvantages
Introduction: An economy is usually composed of different players. The economy of a given region basically involves the production, distribution, and consumption of products and services within that area. It entails the activities that people engage in to earn a living. Different types of … [Read more...] about Market Economy: Meaning, Features, Advantages and Disadvantages
Short Paragraph on Globalization
Globalization is the process where people, organizations, companies and nations interact and integrate. This is through international trade and the development of technology. Globalization has a number of impacts on the economic, social and political structures of a nation. There are both … [Read more...] about Short Paragraph on Globalization
Globalization: Advantages and Disadvantages of Globalization
Globalization is a phenomenon that affects all of our lives. More and more, we find ourselves living in a globalized society and this helps to shape everything from how we do our business deals to how we make friends - even how we love. But what exactly is globalization, and is it any good for … [Read more...] about Globalization: Advantages and Disadvantages of Globalization