Standardization involves offering a common product on a worldwide basis. However, a product may have huge potential for export in one market yet the same ...

The various stages in the product life cycle along with suitable business strategies for each stage. These strategies may be adopted by the Indian jute sector ...

Flexible exchange rate means an exchange rate which is determined by demand for and supply of foreign exchange. Thus, there is no intervention by Central Bank ...

Effect of a Tariff for a Large Country: A large country is a country large enough so that changes in its consumption of cloth can affect the world price ...

Effect of a Tariff for a Small Country: Suppose a domestic government in an effort to restrict imports, imposes a tariff on cloth imports. The imposition ...

The various are the non-tariff barriers to restrict the international trade: Quotas. Customs Classification and Valuation. Subsidies. Technical ...

Difference between Tariff and Non Tariff barriers . Tariff barriers means a tax on imported goods to restrict imports in the country. A tariff barriers is ...

Partial Equilibrium Theory of Trade is an extension of basic micro-economic theory of equilibrium. Equilibrium price is the price at which both demand and ...

Balance of payment (BOP) of a country is a systematic record of all economic transactions between the residents of the reporting country and the residents of ...

The components of capital account of BOP (Balance of Payment). Private Capital Flows Banking Official Capital Flows Private Capital Flows. Private ...

The Balance of Payments (BOP) of a country refers to a systematic record of all economic transactions between the residents of a country and the rest of the ...

BOP Accounting system or Balance of Payments Accounting system summarizes the flow of economic transactions between, the residents of a given country and the ...