An in-depth exploration of Normative Economics, a branch of economics that evaluates economic fairness and guides policy based on subjective criteria and value judgments, a term notably elaborated upon by economist Milton Friedman.
Learn about earmarking, a financial practice where money is set aside for specific purposes. Discover its meaning, how it works, and see real-world examples.
A comprehensive overview of Import Substitution Industrialization (ISI), including definitions, historical context, examples, and its impacts on developing economies.
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