Balance of payment:a record of money flows coming in and going out of a country.
WHAT IN BALANCE OF PAYMENT?
1.trade in goods
2.trade in services
3.net flow investment income
4.transfer of money
Trade deficit:money going out is more that money coming in
Diseconomies of scale
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Diseconomies of scale occur when a business grows so large that the costs
per unit increase. As output rises, it is not inevitable that unit costs
will fa...
7 years ago
3 comments:
causes, cures, importance?
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