Economic depression is a situation where a country's economy is experiencing financial turbulence, which shows the result of a period of negative activity based on the country’s Gross Domestic Product…
Introduction The traditional economy is the primitive economy or the pre-industrial economy. It is characterized by an excessive pre-occupation with agrarian production and simple economic activities such as hunting, gathering,…
What is Mercantilism? Economic theory is a set of thoughts, beliefs, traditions, or laws that are employed in the study of economic phenomena and solving economic problems. Economic theory is…
Economic Thoughts and Systems Source: Wikipedia Economic thoughts are theories, laws, and principles guiding economic situations at a particular period of time. That is, this thought will be responsible…