Category Economy

Advantages and Disadvantages Barter Trade

In traditional communities, people produced various goods and services which they would exchange for other goods and services which they did not have. some communities exchanged salt for food crops while Barter trade refers to the exchange of goods and…

Characteristics of Money

The term characteristics mean features. For a commodity to perform as money it has to have the following characteristics Acceptability of money must be acceptable foot it to be used as a medium of exchange. Portability money should be convenient…

Purpose of Public Finance

Public finance refers to activities carried out by the government associated with the raising finance and spending the finances so raised Public finance is related to the financing of state activities and a narrow definition of public finance would try…

The Grameen Bank of Bangladesh

 Grameen means “rural” or “village” in the Bangla language  Economic theory provides ample caution against lending to low-income households that lack collateral to secure the loans. The concept of effective demand, as applied to the theory of demand and supply,…

Origins of Microfinance

Microfinance has defined the methodology that employs effective collateral substitutes to deliver and recover short-term working capital loans to microentrepreneurs. The emergence of microfinance was a result of the poor performance of government programs set up in the 1960s and…