The Daily Insight

science

What are secondary economic activities?

Secondary Economic Activities: These economic activities add value to the raw materials by changing their form, or combining them into useful and hence mo...

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science

Why do lawyers need economics?

Economics helps in understanding tax laws directly or indirectly economics helps in understanding various concepts of tax laws. For example, the economics...

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science

What is the relationship between per capita income and development?

On a simplistic level, the relationship between growth in population and growth in per capita income is clear. After all, per capita income equals total i...

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science

What are the advantages and disadvantages of trade blocs?

Trading blocs Advantages Disadvantages There is often free movement of labour, eg people, across trading blocs Countries can often only be part of one tra...

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Is international trade important for Bhutan?

Market access and demand for Bhutan’s goods and services are rather favourable due to Bhutan’s completely open access to the Indian market as part of one ...

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science

What does technology spillover mean?

“ By technological spillovers, we mean that (1) firms can acquire information created by others without. paying for that information in a market transacti...

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science

What is a quota system example?

In production quotas, a government or a group of producers, limit the supply of a particular product in order to maintain a certain price level. For examp...

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science

What are the factors affecting financial activities?

Internal factors affecting financial decisions include nature of the business, the size of business, expected return, the cost and risk involved, the asse...

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science

What is meant by trickle-down effect?

The trickle-down effect, in marketing, refers to the phenomenon of fashion trends flowing from upper class to lower class in society. Finally, the trickle...

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science

What is exporting large quantities of a product at a price lower than the same product in the domestic market?

What are the two official definitions of dumping? 1) Selling an export at a price lower than the price charged to domestic buyers of the product within th...

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