An in-depth explanation of aggregate demand, its components, and significance in both closed and open economies.
Definition and Meaning of Cost, Insurance, and Freight (c.i.f.)
Trade in goods and services across national borders. See also exports; imports.
A requirement to place a blocked deposit in advance with the central bank as the condition for obtaining foreign currency to pay for imports.
An exploration of the concept of imports, including visible and invisible imports and their economic significance.
Definition and meaning of leakages from the circular flow of income within Keynesian economics.
An economic measure indicating the portion of additional income that will be spent on imports.
