Economic Trade

 There are many things that made a country's economy but the Trade is back bone of a country’s economy. The  economy of Pakistan  is the  26th largest  in terms of  purchasing power parity  (PPP), and  46th largest  in terms of  nominal gross domestic product . Pakistan has a population of over 220 million people (the world's  5th-largest ), giving it a GDP per capita(nominal) of $1,260 which ranks The  economy of the People's Republic of China  is a  developing   market-oriented economy  that incorporates  economic planning  through  industrial policies  and strategic  five-year plans . Dominated by  state-owned enterprises  (SOEs) and mixed-ownership enterprises, the economy also consists of a large domestic private sector and openness to foreign businesses in a system described as a  socialist market economy .     world's foremost economic powers ...

What is economy? And  What is economics? There are two different types of questions..!!                      An  economy    'management of a household, administration from  'household', and  'distribute, allocate' is an area of the  production ,  distribution  and  trade , as well as  consumption  of  goods  and  services  by different agents. In general, it is defined 'as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources'.   A given economy is the result of a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure and legal systems, as well as its geography, natural resource endowment, and ecology, as main factors. These factors give  context, content, and set the co...