The creation of material and spiritual goods and services requires resources and factors of production. What does economic theory mean by these categories? The resources of production are a set of material and financial means, natural, social and spiritual forces that can be used in the process of creating goods, services and other values. In […]
Tag: Economy
Subjects and objects of the foreign exchange market
There are four main categories of subjects in the foreign exchange market: banks and non-bank dealers trading in foreign currency; individuals and firms performing commercial and investment operations; arbitrageurs and speculators; central banks and treasuries. Banks and non-bank dealers trading foreign exchange “make the market” both technically and organizationally. They make a profit by buying […]