WHAT ARE THE BENEFITS OF STATE CONTROLLED ECONOMY

STATE CONTROLLED ECONOMY

It is very common in the field of the economy that mostly free markets are encouraged in order to increase the efficiency and output of the economy. But that is not the whole reality. Besides high output, free-market economies cause high inequality, unlike a state controlled economy. The state-controlled economy is […]

ROLE OF ENTREPRENEURSHIP IN SOLVING ECONOMIC PROBLEMS

ECONOMIC PROBLEMS

Entrepreneurship revolves around the idea of making lives easy by providing people with unique services. Entrepreneurs are the leading innovators in the field of business. The benefits are not just enjoyed by the entrepreneurs themselves but the country can also benefit from them. Entrepreneurship encourages new forms of business in the […]

MODERN MONETARY SYSTEMS AND ITS IMPACT

monetary system

The monetary system deals with the flow of currency in the country which has a crucial impact on how the economy works. The changes occurred in the modern monetary system has impacted the economies all around the world. The trends in the fields of finance, investments, business, marketing, etc have undergone […]

HOW REMITTANCES ARE USEFUL FOR POVERTY REDUCTION?

remittance

Remittances are funds that foreign workers send to their families to support them. The flow of remittances all around the world has increased in the previous decades especially for the developing countries. Developing countries like India, Pakistan, Bangladesh, Philippines, etc are the greatest remittance receiving countries as mentioned by different reports. […]

MODERN ECONOMIC PROBLEMS FACED GLOBALLY

economic problems

One can’t ignore the fact that the modern economy has emerged with huge changes in it. Technological advancement has allowed economies to produce more efficiently. There is a clear cleavage between the economic outcomes that are seen in different countries which is why the world is called to be unevenly developed. […]

ECONOMIC GLOBALIZATION AND CULTURAL DIFFUSION

Economic globalization is not just related to economies all around the world. It has various other impacts as well which can be seen as the tools of cultural change in various societies of the world. Economic globalization is not just the name of trade or international transactions but it is also […]