Economic Development

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A ¥en to Trade lessons are written to help middle school students understand the basic rationale for making trades, the gains possible from trade, and how trading is done. Through simulations and other active-learning strategies, the lessons teach fundamental economic concepts such as scarcity, economic wants, resources, goods and services, opportunity cost, and money, as well as international trade concepts such as exports, imports, tariffs, quotas, exchange rates, and trade routes.

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In this McKinsey Explainers, we define what economic growth is and explore how GDP (Gross Domestic Product) and economic output shape the world around us.

Scope of Business Economics: Meaning, Nature & Scope, in Managerial Decision Making, Notes, UGC NET, What are the objectives & scope of business economics?

Youth entrepreneurship plays a role in economic development as community leaders learn tangible ways to make it part of their larger strategy. Entire regions will benefit through the creation of more businesses and a better trained workforce.

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Mobile phone technology has transformed Africa, where traditional landline infrastructure is sparse. Mobile phones have leapfrogged traditional communications technology, enabling widespread access to telecommunications and significantly impacting social and economic development. #TechLanes #Technology #TechFacts

International Monetary Fund (IMF) has announced a 3.2 per cent revised downward forecast to global growth in 2022 and 2.9 per cent in 2023. It has also revised inflation upwards to 6.6 per cent in advanced economies and 9.5 per cent in emerging and developing economies. The world’s three largest economies—the US, China and Europe—are stalling.

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