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External Sector
The "external sector" in economics refers to the part of a nation's economy that deals with international trade and finance. It encompasses all transactions between a country and the rest of the world
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Internal Institution
An internal institution refers to an organized framework or structure within an organization or group that governs its operations, decision-making processes, and interactions among its members.
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Agriculture
Agriculture is the backbone of many economies, playing a critical role in ensuring food security, employment, and sustainable development.
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Monetary System
The monetary system refers to the structured framework that governs the creation, distribution, and management of money within an economy. It encompasses institutions, policies, and instruments that facilitate transactions, investments, and economic growth.
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Capital Market
The capital market is a financial system that facilitates the raising of long-term funds and the trading of financial securities such as stocks, bonds, and other investment instruments.
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Fiscal Policy
Fiscal policy refers to the use of government spending and taxation to influence a country's economic activity. It is a key tool for governments to manage economic growth, control inflation, and reduce unemployment
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I have had the privilege of attending Prasad Sir's economics classes, and I must say that his teaching style is truly exceptional. His approach makes complex economic concepts easy to understand and relatable, which has been a huge asset in mastering the subject.
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