You are here

Economic Analysis

Economic Analysis
 

It is common to limit questions of the world economy exclusively to human economic activity, and the world economy is typically judged in monetary terms, even in cases in which there is no efficient market to help valuate certain goods or services, or in cases in which a lack of independent research or government cooperation makes establishing figures difficult. Typical examples are illegal drugs and other black market goods, which by any standard are a part of the world economy, but for which there is by definition no legal market of any kind.

However, even in cases in which there is a clear and efficient market to establish a monetary value, economists do not typically use the current or official exchange rate to translate the monetary units of this market into a single unit for the world economy, since exchange rates typically do not closely reflect worldwide value, for example in cases where the volume or price of transactions is closely regulated by the government.

 

Translate


Members login

Publications, professional articles, contributions publish for members
login

If you are not a member yet, you need to register
register

LinkExchange

LinkExchange by Front Business

Web App´s

FirefoxInternet Explorer
ThunderbirdWWW Consortium (W3C)

Terms of Use - Disclaimer - Imprint - Contact - Copyright by HEADLINES FRONT BUSINESS 2012