Your informer on business, economies and government play
Your informer on business, economies and government play
Origin of Southern African Development Community The origin of Southern African Development Community started in the early 1960s and 1970s during the struggle for independence in southern African countries. The gaps in the fight for independence enhanced cooperation, political and…
Definition of Macroeconomics Macroeconomics is the study of the structure and performance of national economies and policies that governments use to try to affect economic performance. Macroeconomics encompasses the examination of aggregate variables in an economy such as total consumption…
DEFINITION OF INTERNATIONAL TRADE International trade is the trade between countries in the world. Equally international trade can also be defined as the voluntary exchange of goods, services, assets or money between residents of two countries. These residents may include…
Interest parity definition Interest rate parity (IRP) is a theory that helps to explain the relationship between exchange rates and interest rates. It states that the difference in interest rates between two countries should be equal to the difference in…
Purchasing power parity (PPP) is an economic theory that states that the exchange rate between two countries is equal to the ratio of the prices of a basket of goods in each country. In other words, Purchasing power parity suggests…
E- commerce definition Electronic commerce is defined as the use of computer networks to complete business transactions. E-commerce is the use of computer applications communicating over networks to enable buyers and sellers to trade. Examples includes amazon.com, jumia.co.ke, mydawa.co.ke, …
A planned economy is an economic system in the decisions regarding investment and production are planned by a central authority usually a government body. A planned economy is also referred to as command economy Advantages of Planned Economic system…
Sharia compliant banking is a fast growing segment of the financial sector in Kenya. Islamic finance is a unique financial system operating in accordance with the principles of Sharia Law. Much like conventional financial systems, it encompasses banks, capital markets,…
Externalities are costs or benefits of market transactions that are not reflected in the market price and that affect individuals who are not participating in the market. Solutions to externalities include the following The government should require companies to internalize…
An externality is a cost or benefit of an economic activity experienced by an unrelated third party. Externalities are costs or benefits of market transactions that are not reflected in the market price and that affect individuals who are not…