Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek οἰκονομία (oikonomia, "management of a household, administration") from οἶκος (oikos, "… read more »
North Korea's economy is a centrally planned system. The role of market allocation is sharply limited – mainly in the rural sector where some peasants sell produce from small private plots. Although there have been scattered and limited attempts at … read more »
Despite the severe damage the economy of Georgia suffered due to civil strife in the 1990s, Georgia, with the help of the IMF and World Bank, has made substantial economic gains since 2000, achieving robust GDP growth and curtailing inflation.
GDP … read more »