world of economics

Technological Gap And Product Cycle Models

Introduction Apart from differences in the relative availability of labor, capital, and natural resources (stressed by the Heckscher–Ohlin theory) and the existence of economies of scale and product differentiation, dynamic changes in technology among nations can be a separate determinant of international trade. These are examined by the technological gap and product cycle models. Since time is involved in a fundamental...
world of economics

Imperfect Competition and International Trade

Introduction Imperfect competition is a competitive market situation where there are many sellers, but they are selling heterogeneous (dissimilar) goods as opposed to the perfect competitive market scenario. As the name suggests, competitive markets that are imperfect in nature.Imperfect competition is the real world competition. Today some of the industries and sellers follow it to earn surplus profits. In this...
world of economics

Gains from Trade

Gains from Trade Gains from trade refer to various benefits which country derived out of international trade.Gains from trade are the net benefits to economic agents for being allowed and increase involuntary trading with each other. In technical terms, they are the increase of consumer surplus Plus producer surplus from lower tariffs or otherwise liberalizing trade.It also refers to that advantages...
world of economics

Euro currency markets

Introduction The euro currency market is the money market for currency outside of the country where it is legal tender. The euro currency market is utilized by banks, multinational corporations, mutual funds, and hedge funds. The euro currency market functions in many financial centers around the world, not just Europe. Euro currency refers to commercial bank deposits outside the country of...
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