Economic integration is a condition of international trade in which all trade barriers and restrictions are removed. There is perfect capital mobility, complete freedom of migration, complete freedom of establishment of businesses and unhindered flow of information and technology.
Money Income in economics is the price of inputs such as fixed supply such as land, the principal or even a unique talent such as a footballer or musicians while Real Income is the amount of goods and services that a person can acquire through their monetary income.
Domestic trade refers to the actions of exchange of goods, both goods and services, between buyers and sellers residing in the same locality, region or nation while International trade is defined as all that economic activity in which people or companies from different countries carry out an exchange of products or services.
The difference between heat and temperature is that heat is defined as the movement or exchange of energy between bodies, while temperature is the measure of the agitation of the molecules of a body.
An endothermic reaction requires energy while an exothermic reaction releases energy. This classification of chemical reactions takes into account the participation of energy either as a reactant or as a product.
Privatization is a policy of the government created to afford individuals, corporate bodies, the opportunity to take over ownership and control of government enterprises, companies, etc. while Commercialization is a state policy of making its companies, enterprises, parastatals, etc, more efficient and even more profit oriented. It will also make these organisations come up with efficient management of resources.
Nationalization is the transfer of a sector of the private economy into the hands of the State, whereas privatization means the sale of partial or total shares of a public company to private capital.
Poverty is the state in which an individual or group can not meet basic human needs to maintain a minimum level of quality of life, while Inequality on the other hand, refers to the unfair or unequal distribution of resources among various people or groups, caused by social, gender, ethnic, religious or other discrimination.
DIRECT AND INDIRECT DEMOCRACY
What are Direct and Indirect Democracy?
Democracy is a type of government system in which the decision-making power rests with the people, as the only sovereign and autonomous will to obey on the part of the public powers. Power is distributed among various institutions that allow citizens to express and exercise collective...
The principle of checks and balances means that each organ of government should exercise control over the other, while Separation of Powers can be defined as a system of government which the legislature, executive, and judiciary are each separate in term. of functions and personnel. Baron de Mostesquieu argued that where the legislative and executive powers were united in the same person, there could be no liberty.
Chemical elements are classified into metals and non-metals. Metals are substances that conduct electricity, can form sheets or wires, and have a luster. Non metals are all those substances that do not conduct electricity, are fragile to handling or are gases.
Protons, neutrons, and electrons are the particles that make up the atom, which is the smallest part of the element. These particles determine the characteristics and properties of the chemical elements.
The protons and neutrons are concentrated in the atomic nucleus, while the electrons are distributed in the crust or the periphery of the atom. An atom has the same number of electrons and protons, while the number of neutrons is variable.
Anabolism and catabolism are the parts into which metabolism is divided. The anabolism is a synthesis reaction where energy is consumed. The catabolism is a decomposition reaction in which energy is released. Although they are two different processes, they work in a coordinated way.
We often use the terms state and nation (and even nation and country) interchangeably, as if they were synonymous. Although they can be in colloquial contexts, each one has a specific meaning that should be understood.
The difference between power and authority is that power is a capacity and authority is a skill. In this sense, power can be acquired, while authority depends on a person's ability to influence others.
Power is the ability to subordinate other people or to dominate a situation.
Authority is the ability to influence others without the need for them to be subordinate.
Capitalism is an economic system that is based on private ownership of the means of production, as well as on the principle of free market, whose objective is the accumulation of capital. The word is formed from the union between the noun capital, which in this context means 'set of economic goods', and the Greek suffix ism, which means system.
The hardware is the structure that gives physical support to the computer while the software is the operational support. Together, hardware and software are essential elements for the operation of the computer and other electronic devices.
The input and output devices or input / output units are the physical equipment connected to the computer. These devices allow information to be communicated between the user and the computer or to handle an information medium.
Flora refers to plant species, while fauna is the term used to categorize animals.
Although flora and fauna exist in almost the entire world, each set of plant and animal species responds to specific characteristics according to the geographical and climatic conditions of the region in which they develop, therefore, they are organisms that have evolved and adapted to their environment.
Biotic factors are all the plants, animals, fungi, protozoa and bacteria that in one way or another interact in a given physical space while Inert or abiotic factors are the conditions of light, temperature, minerals, soil and water, among others, found in a physical space that determine the existence of living beings.
