What is meant by an economic dimension?
What is meant by an economic dimension? Economics is a discipline that is studied from different aspects, and one…
Economy
Difference between market economy and command economy
Introduction In the world of economics, there are various systems to carry out commercial transactions and satisfy the...
Difference between nominal GDP and real GDP
Introduction Gross domestic product (GDP) is an economic indicator that measures the production of final goods and services within…
Difference between risk and uncertainty
Introduction In the world of business and investment, terms such as risk and uncertainty are used that often...
Difference between primary sector secondary sector and tertiary sector
What is the primary sector? The primary sector is that which is dedicated to the production of raw materials, it is…
Difference between production and productivity
What is production? Production refers to the process by which goods and services are produced to satisfy…
Difference between rich countries and poor countries
Introduction It is evident that there are great economic differences between the different countries of the world. Some have high levels of development,…