Difference between Tariff and Non Tariff barriers . Tariff barriers means a tax on imported goods to restrict imports in the country. A tariff barriers is ...

Partial Equilibrium Theory of Trade is an extension of basic micro-economic theory of equilibrium. Equilibrium price is the price at which both demand and ...

Licensing: Licensing is one of the way for firm to establish local production in foreign markets without capital investment. It differs from contract ...

Balance of payment (BOP) of a country is a systematic record of all economic transactions between the residents of the reporting country and the residents of ...

The components of capital account of BOP (Balance of Payment). Private Capital Flows Banking Official Capital Flows Private Capital Flows. Private ...

The Balance of Payments (BOP) of a country refers to a systematic record of all economic transactions between the residents of a country and the rest of the ...

BOP Accounting system or Balance of Payments Accounting system summarizes the flow of economic transactions between, the residents of a given country and the ...

Exporting mainly be of two types: Direct exporting and Indirect exporting. Direct exporting: Direct exporting means sale of goods abroad without ...

Classical theory known as Ricardian theory of comparative advantage states that two countries should trade in order to increase their national welfare as long ...

Rybczynski theory of trade states that if the supply of a factor rises and the terms of trade remain constant, the output of the product intensively using that ...