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john maynard keynes
John Maynard Keynes
John Maynard Keynes was one of the most influential economists of the twentieth century. His economic theories greatly influenced the modern economic landscape and are still studied, discussed and applied today.Born in 1883 in Cambridge, England, Keynes was a gifted student wh......
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Sophie
re-export
The Economy and Future of Global Trade
International trade has been the backbone of the global economy for centuries. It has provided countries with the means to increase their wealth and prosperity, as well as improve the quality of goods and services available to their citizens. From the begi......
international supply and demand theory
International Supply and Demand Theory
The international supply and demand theory is an economic theory of economic relations involving the exchange of goods and services between countries. This theory states that the supply of goods and services is determined by the demand for the same goods and......
trading
International Trade in the 21st Century
International trade in the 21st century is a rapidly changing, global phenomenon. Fueled by advances in science, technology, communications and transportation, the flow of goods, services and people across borders has never been greater. Today, countries th......
free trade theory
Introduction
Free trade is a basic philosophy for the way goods and services should exchange across borders. It encourages countries to produce goods and services in accordance with their comparative advantage and to allow those goods and services to be traded without tariffs, quotas, or other fo......
resale price maintenance
Maintaining Resale Prices
In business, the importance of maintaining a consistent resale price cannot be overstated. For example, in the retail sector, where customer loyalty is key to success, it is essential to make sure that you maintain the same outgoing price for your items. This enables cus......
Raspail index
The Laspeyres Price Index, also known as Laspeyres Index or Laspeyres Volume, is a numerical measure used to calculate average changes in the prices of all goods and services in a particular economy. The index was developed by a Belgian statistician, Ernst Laspeyres, who proposed its use in econom......
international lending theory
International Lending Theory
Introduction
International lending involves the transfer of funds from one country to another. The funds are used to finance investments or to purchase goods or services. International lending is a major tool of international finance, and it is one of the most import......
Baumol-Tobin model
The Bomer-Tobin Model
The Bomer Tobin Model is a macroeconomic model first formulated by Nobel Laureate James Tobin and is widely used in economic analysis, particularly in the fields of finance, investment, and monetary policy. Bomer Tobin is a two-sector economic model which assumes that two ec......
Currency Stability Assumption
The steady state hypothesis is an economic theory that argues a given money supply can maintain a stable value or the purchasing power of any given currency or money. The idea comes from the fact that money supply and demand tend to balance out over time, so that any excess money supply will event......
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