Do you know about - Fundamentals and Basic system of Economics - Domestic and International advent
Federal Reserve Interest Rates History! Again, for I know. Ready to share new things that are useful. You and your friends.Wherever we go, economics is everywhere all over the world and it can be placed in all major continents colse to the globe. This begins in domestic up to global approach. In my own opinion, economics is a collective science. There are any branches of economics to deal with and these are: Sociology that studies the society and culture, Physics that studies the useful in the yield of goods and services that produces machines and electricity,Political Science because it will study the economic policies of each leaders over the globe because it influence from the government of economic activities,History that studies the past, present, and future events of economic developments, Religion because it will based on the studies of religious traditions and beliefs that can encourage or discourage of economic development.
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Readers and Viewers must seek and know the article of economics. This report will be tackling underlying and basic theory of economics. Fundamentals of economics is focus on banks or banking, business, firm cycle, depression, economic freedom, income, inflation, investment, labor force, manufacturing, marketing, money, monopoly and competition, buyer price index, cost of living, physiocrats, price, production, profit, asset or dealing with real estate business, recession, rent, proper of living, provide and demand, trust, unemployment, value added tax in which I believed that this term will be understand by the viewers. The meaning of economics is very simple. Agreeing to Fajardo, the author of his book titled "Economics" third edition, The meaning of economics is the collective science that deals with allowable budget and efficient use of available resources for the maximum delight of human needs and wants.
Here in economics, there is also an economic theory and theories to be learned by the readers and viewers. They must know the data of capitalism, communism, economic determinism, Facism, laissez faire theory, Theories of firm cycle, Manioralism, Mercantilism, Socialism, and Syndicalism. They must take note that economic theory is a set of an economic institutions that dominates a given economy. There is also a history in Economics from past to gift times, even in the future. Agreeing to Fusfeld, who has a knowledge of John Meynard Keynes or known as "Baron Keynes of Tilton" that has a notable books which is very beloved until now titled "Keynes normal theory of Employment, Interest and Money" which was written in the year 1936 which ranks among the most leading books on economics. Aside from this, among his other works are A Tract on Monetary Reform written in year 1923, The End of Laissez Faire theory written in year 1926, and also A Treatise on Money written in year 1930. There are also future in economics and these are called "ethico-economics in which I will seek it on my next report and next is economic crisis that cannot predict when will it happen so it belongs to the future.
After mentioning the first part and historical background of Economics, this time I will march to domestic approach. The writer of this report will focus on the Philippine Financial theory in order to share ideas, thoughts, and opinions from other nations. This report is a big help for those who will take Master's and Doctoral Degree in Economics. In Philippines, the most coarse financial institutions are based on banking, pawnshops, assurance companies,lending, financial or lending companies. The Banngko Sentral ng Pilipinas or known as Bsp (former Central Bank of the Philippines) is the central monetary authority and their purpose is to utter monetary stability, and to promote a equilibrium and sustainable economic growth.
The last part article will be international approach because it deals with global economy. In our planet Earth, seven continents colse to the globe acquire to participate in International Trade. To those who are curious in this part of my article, they can find or crusade it in tariff, trade, International Monetary Fund or known as Imf, Asian development Bank or known as Adb, Exports and Import, coarse Market, change Rate, World Bank.
To understand the meaning of international trade, Agreeing to James B. Calderwood, "International trade is the change of goods and services in the middle of countries and it is sometimes called "world trade" or "foreign trade". To illustrate this meaning, it enables a nation to furnish the goods it can make the most cheaply and change them for goods it finds more high-priced to furnish from one country to other countries. That is how the international trade means to the economics. The good example that institution International Trade is Japan because they can compete with other countries.
The World Bank, International Monetary Fund, and Asian development Bank are the major lenders to our country. Their development funds have been focus on economic development such as agriculture.
After mentioning my article of economics from domestic up to global approach, they must take note that we are in the concerns of collective accountability this is not referring to the rich or poor people.
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