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What is the tariff? A tariff is an import duty on goods entering the country. So when an item arrives at customs by sea, plane, or car, the ...

What is a market economy? A market economy is an economic system in which individual companies or the private sector make economic decisions...

What is the 1997 Asian financial crisis? The 1997 Asian financial crisis refers to a macroeconomic shock that affected many Asian countries,...

What is the economic environment?  The economic environment consists of economic factors that influence consumer buying behavior and the bus...

About Adam Smith  Adam Smith was a Scottish political economist, lecturer, and essayist, best known for his works The Wealth of Nations and ...

What is economics? Economics is the study of how money, trade, and industry are organized in society and deals with the scientific methods u...

 Stages and forms of economic integration explained in detail There are many stages and forms of economic integration, reaching, according t...