Internal Economies are the economies which are related to the particular firm. External Economies are the advantages that occur if the number of firms in the industry increases.
Home trade is the trade that happens within the boundaries of the country. Foreign Trade is the trade that takes place between two or more countries……
Economic Growth is basically related to the developed countries, Economic Development is related to developing countries of the world……
Micro Economics is a study of individual or small units of economics. Macro economics is the study of aggregates like national income, total employement, etc…
Monetary policy regulates the supply of money and availability of credit in the economy. Fiscal policy is the use of government taxes and spending to alter ….