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Economics

Do you want to understand what is happening to the global economy we all live in? This is a great place to start, as in this section, we will provide some fundamental economics knowledge.

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Economics

Understanding the Balance of Payments and Its Components

The Balance of Payments (BOP) records all economic transactions between a country and the rest of the world. This guide explains its three main components (current, capital, and financial accounts) and how they help assess a nation’s trade balance, investment position, and overall economic health.

Antoniya Baltova by Antoniya Baltova • 2 min read
Economics
Understanding Comparative Advantage and Absolute Advantage in International Trade
Antoniya Baltova by Antoniya Baltova • 3 min read
Economics
GDP vs GNP: Understanding the Difference
Antoniya Baltova by Antoniya Baltova • 2 min read
Economics
Understanding the Monetary Transmission Mechanism
Ned Krastev by Ned Krastev • 3 min read

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All Posts

Economics
Understanding the Balance of Payments and Its Components
Antoniya Baltova by Antoniya Baltova • 2 min read
Economics
Understanding Comparative Advantage and Absolute Advantage in International Trade
Antoniya Baltova by Antoniya Baltova • 3 min read
Economics
GDP vs GNP: Understanding the Difference
Antoniya Baltova by Antoniya Baltova • 2 min read
Economics
Understanding the Monetary Transmission Mechanism
Ned Krastev by Ned Krastev • 3 min read
Economics
Understanding Money: Functions, Definitions, and the Quantity Theory of Money
Ned Krastev by Ned Krastev • 4 min read
Economics
Different Types of Unemployment & Measures
Antoniya Baltova by Antoniya Baltova • 4 min read
Economics
Leading vs Lagging vs Coincident Indicators
Ned Krastev by Ned Krastev • 2 min read
Economics
What Is a Monopoly in Economics?
Ivan Kitov by Ivan Kitov • 5 min read
Economics
How to Calculate GDP Using the Income Approach
Antoniya Baltova by Antoniya Baltova • 4 min read
Economics
How to Calculate GDP Using the Expenditure Approach
Antoniya Baltova by Antoniya Baltova • 4 min read
Economics
What’s the Difference Between Nominal GDP and Real GDP?
Antoniya Baltova by Antoniya Baltova • 4 min read
Economics
What is Gross Domestic Product?
Antoniya Baltova by Antoniya Baltova • 3 min read
Economics
International Organizations that Facilitate Trade
Antoniya Baltova by Antoniya Baltova • 3 min read
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