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Macroeconomics Macroeconomics deals with the aggregate behavior of all individuals in an economy. It is the study of the behavior an economy at the aggregate level. It is not the study of the level of a specific subgroups or individuals (which is…
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Regional integration (economic integration) Regional integration (economic integration) refers to the cooperation of countries – usually geographically close to each other – with the aim of enjoying economic benefits that accrue from trade, tourism and investment. Regional integration helps to create bigger…
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International Trade The buying and selling of goods and services between and among countries. When goods or services are bought from another country this is called import trade and the reverse is export trade. Trade in goods is referred to as visible…
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