HOW VALUE OF CURRENCY IS DEFINED?

currency value

The demand for currency defines its value just like how the demand for goods and services defines its price in the market. It is nowadays understood that mostly all the currencies are compared to the dollar value; the reason why the US dollar is so much power in the world today. […]

IMPACT OF GLOBALIZED ECONOMY:

IMPACT OF GLOBALIZED ECONOMY

Globalization encourages businesses to expand and adapt to different mechanisms based on new technological trends that help to preserve the rights and interests of both the individual and the whole community at a bigger level. These dynamics enables businesses to compete at international levels and also indicates a mind-boggling change for […]

IMPORTANCE OF LAW ENFORCEMENT ON BLACK MONEY:

black money, black money law,

Black money is the money that is earned, saved and invested through illegal ways. This black money impacts the economy in a negative way because there is no check and balance over it and sometimes law enforcement agencies fail to track down this money in the result of which many successful […]

MONEY TRANSFERING AND ECONOMY:

Due to the increasing connectedness between different areas of the world, it has become important for businesses and people to send money from one place to another. The activity of money transferring has become increasingly common that it is a crucial part of the economy now. Money is transferred both inside […]

HOW TAXATION CAN IMPROVE ECONOMY?

HOW TAXATION CAN IMPROVE ECONOMY

Taxation policy is used by almost every in this world today because it is important. Through taxes, governments generate revenues which help to improve the standard of living of people. LOWER TAXES: Taxes can affect both supply and demand factors of the economy. The state can also provide incentives by reducing […]

Where can we find the black market?

black market

Black markets aren’t chains of stores like the Walmart or a trading site like the Amazon and eBay. The most suitable definition for the black markets is that it is just a term used to refer to unregulated trading between two people. However, currently, the highest network of black markets is […]