Economics, commercial and trade terms page – 2

1.     Deflation 

a state is monetary market when money is circulation has decreased and is characterized by low price unemployment ext.

2.     devaluation 

a deliberate reduction in the value of the home currency relatively to foreign currency it a the done always by a government action  and is resorted to in order to reduce imports and increase export India devalued her currency 37% on 6^th June 1966 . Of late so many countries via U.K, U.S.A and France have resorted to his expedient to balance their payment position.

3.     Estate duty

a form of death duty and a method of direct taxation imposed when the property is transferred of the death of his owner. It has been abolished in Indiabut was reintroduced in a limited way in 1988.

4.     excise duty 

it is the duty charged on goods manufacturing within the country , excise duty on alcohol tobacco , sugar , matchbox , cloth ext. have been levied by the government of India.

5.     foreign exchange 

the method by witch transaction in the international trade are financed

6.     hot money 

money which move from one place to another to seek profit or higher rate of interest is called hot money

7.     Inflation 

it is an increase in the quantity of money in circulation without any corresponding increase in goods and therefore it leads to abnormal rice in the price level.

8.     Laissez

faire - it is the other name of individualistic theory which advocates private iniative in trade and non intervention by state in commercial or business enterprises. 

if u like the post please like and shear