Economies can be divided into two types as mentioned hereunder: Formal economies. Informal economies. Formal Economies: Formal economies, there are rules and regulations and all the activities are supposedly undertaken systematically. Informal Economies: In this type of economies, no rules and regulations are prescribed and all the activities are undertaken without […]
The forex market has a very important role to play in the current situation of economies all around the world. It allows countries to sell and buy currencies through trade with certain exchange rates set by the market. Forex market also determines the value of currency either it is depreciating or […]
The fiscal deficit is a term used to indicate the difference between the total revenue of a government and its expenditure. An economy can face difficulties if its spending exceeds its revenues as the state will not be able to service the payments for the spending on goods and services. One […]
Various sectors of the economy play a vital role in the overall economic growth of a country. Sectors including finance, business, education, health, industries, agriculture, etc are the building blocks of the economy. In Pakistan, the private business sector and especially the agriculture sector has a crucial role to play and […]
Entrepreneurship has become the most dominant opportunity in the present world. Economies are rising because of the introduction of innovations and technologies all around the world. Most prospering nations are seeking to improve the ways of earning and contributing to the economy in innovative ways. As the modern world is demanding […]
Economies work through a process of step-by-step procedures where everything in the society is interlinked. Different factors work together to make the economy operate in a stabilized way. Just like the output of the economy is important for a country, it is also important how the production of goods and services […]
Recently, Pakistani rupee experienced a sharp decline in its value in comparison to the US dollar. It is not for the first time. The economy has experienced bad consequences created by these fluctuations in the past as well. In 2018, during the month of May, Pakistan interbank and Kerb forex market […]
The process by which criminals make a large amount of money through several evil activities like drug trafficking and terrorist funding is called money laundering. Later, the money earned by unethical means appears as legal money in the economy. The process of money laundering is done through several stages. There are […]