Deadweight Loss (DWL) is the additional cost borne by the community due to market inefficiency (consumer economic efficiency disappears). DWL occurs when the amount of supply and demand is out …

Foreign exchange controls are restrictions imposed by the government of a country in foreign currency exchange transactions. In modern times, the control of foreign exchange transactions is an uncommon practice, …

Correlation coefficient is a numerical measure of several types of correlation in the form of a statistical relationship between two variables. Variables can be two columns of a particular set …

What is Legal Framework? The legal framework is a legal framework, which is a process of forming laws in all activities that occur in a country. The law will later …

An economic recession is a term used to describe a decline in economic activity during a certain period. Typically, an economic recession is described as a contraction of GDP (gross …