Central Bank: Definition, Features, Functions & Examples
Posted inEconomics Finance

Central Bank: Definition, Features, Functions & Examples

A Central Bank is a National Government owned apex financial institution which controls and supervises the entire monetary system of a country. It assists, directs and regulates the activities of other financial institutions to make them comply with government monetary and economic policies.
Monopoly: Definition, Types, Features, Causes, Pros & Cons
Posted inEconomics

Monopoly: Definition, Types, Features, Causes, Pros & Cons

Monopoly may be defined as a market situation where there is only one producer or supplier of a particular commodity that has no substitute and who has the power to influence the price of the commodity to his own favour. The commodity sold by a monopolist is usually differentiated.
The New International Economic Order (NIEO)
Posted inEconomics

The New International Economic Order (NIEO)

International economic is concerned with the effects upon economic activities from international differences in productive resources and consumer preferences and the international institutions that affect them.