World trade organization (WTO)
World trade organization (WTO) The World Trade Organization (WTO) is an international, multilateral organization which deals with the
Balance of payment
Balance of payment It is defined as systematic records of all types of transaction of a country with the
Stages of population
Optimum Population It is not that only Number of people living in a country can determine whether or not
Comparative cost theory of international trade
This theory is developed by a classical economist David Ricardo. According to this theory, the international
Law of Demand
The law of demand states that the demand is inversely related to price other things remaining constant (ceteris paribus).