Supply of money, Demand-pull inflation, Cost-push inflation are...

used to describe situations where the prices of all goods and services rise uncontrollably over a defined time period. In other words, hyperinflation is extremely rapid inflation.

usually due to the government printing large amounts of money to the point that the value of the money begins to drop. When the value of money drops and yet more of it is being printed, this causes pr

a decrease in the general price level of goods and services.

when too many people are trying to buy too few goods. Essentially, the demand is far greater than the supply. This causes a rise in prices

when prices of goods and services go up due to the increased cost of production.

Decrease in demand and Growth in supply are

is an economic state where growth is stagnant and unemployment is high, but high levels of inflation are also present with prices appreciating rapidly

refers to a study of international forces that influence the domestic conditions of an economy and shape the economic relationship between countries.

Understanding the nature and dynamics of international trade is one of the....

is an exchange involving a good or service conducted between at least two different countries. The exchanges can be imports or exports.

The barter of goods or services among different peoples is an age-old practice, probably as old as human history.

Mercantilism, Absolute Advantage, Comparative Advantage are

a country should grow its reserves of gold and silver by encouraging exports and discouraging imports. The theory implies that a country should have a trade surplus with exports more than imports.

Smith’s theory talks about the country focusing on producing an item that it can manufacture more proficiently than other countries.

 advantage focuses on relative productivity differences

Prevent unfair competition, Save domestic jobs, Save the environment and consumers, Protect emerging industries (tie-up) are...

Trade protection can be a form of retaliation against partner countries. Producers in partner countries may adopt anti-competitive practices such as dumping.

Imported products may fail to meet product safety requirements. It poses serious harm to both the environment and the health of consumers

Increased imports reduce opportunities for domestic job creation. The import increases supply and raises pressure on domestic producers.