In a constitutional monarchy, that person is generally called the prime minister. Prime ministers are elected either directly or indirectly, and serve as ...

The Forward Plan is a document that sets out information about ‘key decisions’ that the council will make at the next cabinet meeting – a clear 28 days in...

proton The proton is the subatomic particle with a positive charge. Neutrons are electrically neutral, while electrons are negatively charged. What are th...

Advantages and disadvantages of WTO Promote free trade through gradual reduction of tariffs. Provide legal framework for negotiation of trade disputes. Tr...

Macro-environment often indicates a condition affecting the overall economy, and it is not affecting a particular section of the market. A macro environme...

While the Athenian economy depended on trade, Sparta’s economy relied on farming and on conquering other people. Sparta didn’t have enough land to feed al...

An aggregate in economics is a summary measure. The aggregation problem is the difficult problem of finding a valid way to treat an empirical or theoretic...

The output gap is an economic measure of the difference between the actual output of an economy and its potential output. A positive output gap occurs whe...

National accounting standards typically dictate a few different business forms that may represent an economic entity. The most common forms include a sole...

Fundamentally, national security strategy entails the design and application of ideas for employ- ment of means as well as the orchestration of institutio...