#Ecomonics
🔴What is Economic ?
📚Economics is a discipline that can help us answer these questions. Economics can actually be defined a few different ways: it’s the study of scarcity, the study of how people use resources, or the study of decision-making. Economics often involves topics like wealth, finance, recessions, and banking, leading to the misconception that economics is all about money and the stock market. Actually, it’s a much broader discipline that helps us understand historical trends, interpret today’s headlines, and make predictions for coming decades.
🔴What is international Economics ?
📚The study of economic among countries -- including trade, investment, financial transactions, and movement of people -- and the policies and interactionsinstitutions that influence them
OR
📚A branch of economics that studies economic interactions among different countries, including foreign trade (exports and imports), foreign exchange (trading currency), balance of payments and balance of trade..
🔴Purpose to Study International Economics
➢To analyze the effect of the international flow of goods, services and factors on the welfare of domestic consumers.
➢To examine or forecast how national policies directed at regulating these international flows affect domestic welfare.
➢To form intelligent opinions on these matters.
➢To predict and explain the economic events in the world.
➢To understand what is going on in the world and their effects on the world economy.
#Knowledge
🔴What is Economic ?
📚Economics is a discipline that can help us answer these questions. Economics can actually be defined a few different ways: it’s the study of scarcity, the study of how people use resources, or the study of decision-making. Economics often involves topics like wealth, finance, recessions, and banking, leading to the misconception that economics is all about money and the stock market. Actually, it’s a much broader discipline that helps us understand historical trends, interpret today’s headlines, and make predictions for coming decades.
🔴What is international Economics ?
📚The study of economic among countries -- including trade, investment, financial transactions, and movement of people -- and the policies and interactionsinstitutions that influence them
OR
📚A branch of economics that studies economic interactions among different countries, including foreign trade (exports and imports), foreign exchange (trading currency), balance of payments and balance of trade..
🔴Purpose to Study International Economics
➢To analyze the effect of the international flow of goods, services and factors on the welfare of domestic consumers.
➢To examine or forecast how national policies directed at regulating these international flows affect domestic welfare.
➢To form intelligent opinions on these matters.
➢To predict and explain the economic events in the world.
➢To understand what is going on in the world and their effects on the world economy.
#Knowledge