The New International Economic Order (NIEO)

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.
Difference Between Money Income and Real Income

Difference Between Money Income and Real Income

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.