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Old 10-31-2007, 02:31 PM   #1
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Default Do u know what is economy, Forex, globalization & GDP growth? I need some good and simple explanations?

Let me see how many of us show interest in the above. Even if you don?t know, let is take this as the opportunity to learn. <br /><br />This would give us a broad spectrum of life around us, world politics and the actual reasons of wars. <br /><br />If someone is knowledgeable on the above, please explain in simple words (for everyone to understand) each of the subjects. <br /><br />I don?t need jokes or comments here. If you are not interested in this topic, please leave us alone. We are trying to learn here. <br />---------------------------<br />Don?t forget to star if you like this question ... Hey this is only a reminder, not a request.<br />

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Old 10-31-2007, 02:31 PM   #2
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Default Do u know what is economy, Forex, globalization & GDP growth? I need some good and simple explanations?

1.The first ingredient of a nation's economic system is its natural resources. The United States is rich in mineral resources and fertile farm soil, and it is blessed with a moderate climate. It also has extensive coastlines on both the Atlantic and Pacific Oceans, as well as on the Gulf of Mexico. Rivers flow from far within the continent, and the Great Lakes -- five large, inland lakes along the U.S. border with Canada -- provide additional shipping access. These extensive waterways have helped shape the country's economic growth over the years and helped bind America's 50 individual states together in a single economic unit.
The second ingredient is labor, which converts natural resources into goods. The number of available workers and, more importantly, their productivity help determine the health of an economy. The United States has experienced steady growth in the labor force, and that, in turn, has helped fuel almost constant economic expansion.
2. Forex is traded much like any other financial instrument, using a combination of fundamental and technical analysis.
3. Globalization :To make global or worldwide in scope or application.
4. GDP growth is the economys growth rate
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Old 10-31-2007, 02:31 PM   #3
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Default Do u know what is economy, Forex, globalization & GDP growth? I need some good and simple explanations?

I never knew you are going to take our exams,I am not prepared.Hahaha.
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Old 10-31-2007, 02:31 PM   #4
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Default Do u know what is economy, Forex, globalization & GDP growth? I need some good and simple explanations?

hi gEnTLe m@n...

ECONOMY---- An economy is the system of human activities related to the production, distribution, exchange, and consumption of goods and services of a country or other area.

FOREX---- no idea what actually forex is...sorry....

GLOBALISATION---- it refers to increasing global connectivity and integration in the economic, social, technological, cultural, political, and ecological spheres.

GDP GROWTH--- A region's gross domestic product, or GDP, is one of the ways for measuring the size of its economy. The GDP of a country is defined as the total market value of all final goods and services produced within a country in a given period of time (usually a calendar year). It is also considered the sum of value added at every stage of production (the intermediate stages) of all final goods and services produced within a country in a given period of time.

I really had no knowledge about the above stated topics as i am an humanities student. The knowledge which i stated above is gathered by the internet.....tc....sweet dreamz...bye....

*****dO w@tEvEr uR hE@rT $@yZ.....*****.
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Old 10-31-2007, 02:31 PM   #5
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Default Do u know what is economy, Forex, globalization & GDP growth? I need some good and simple explanations?

Economy: Activities related to the production and distribution of goods and services in a particular geographic region.

FOREX (FOReign EXchange market) is an international foreign exchange market, where money is sold and bought freely.

Globalization is a force that increasingly touches the lives of people living in all countries of the world.

GDP growth is Gross Domestic Product growth. An increase in the capacity of an economy to produce goods and services, compared from one period of time to another.
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Old 10-31-2007, 02:31 PM   #6
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Default Do u know what is economy, Forex, globalization & GDP growth? I need some good and simple explanations?

economy means a system of producing, distributing, and consuming wealth.

globalization is the set of processes leading to the integration of economic, cultural, political, and social systems across geographical boundaries.

forex is the term commonly used when referring to the foreign exchange market.

GDP growth is the economic growth (economy is defined above)
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Old 10-31-2007, 02:31 PM   #7
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Default Do u know what is economy, Forex, globalization & GDP growth? I need some good and simple explanations?

economy is the system of human activities related to the production, distribution, exchange, and consumption of goods and services of a country or other area.

Forex -An over-the-counter market where buyers and sellers conduct foreign exchange transactions. also called foreign exchange market.

Globalization-refers to increasing global connectivity and integration in the economic, social, technological, cultural, political, and ecological spheres.

gross domestic product, or GDP, is one of the ways for measuring the size of its economy. The GDP of a country is defined as the total market value of all final goods and services produced within a country in a given period of time (usually a calendar year).

hoped that helped
indianbeauty
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Old 10-31-2007, 02:31 PM   #8
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Default Do u know what is economy, Forex, globalization & GDP growth? I need some good and simple explanations?

The FOREX market is the world's major financial market. More than $2 trillion changes hands every day! That is greater than all US equity and Treasury markets combined! The worldwide FOREX market is entirely different from other financial markets as it does not have any centralized location. Moreover, it is a global electronic network of banks, financial institutions and individual traders that are involved in the buying and selling of national currencies. Normally by tradition, access to the FOREX market has been restricted to banks and major financial institutions. With recent advances in technology, however, the FOREX market is now available to everybody, including individual traders with smaller accounts. http://www.GlobalMoguls.com
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Old 10-31-2007, 02:31 PM   #9
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Default Do u know what is economy, Forex, globalization & GDP growth? I need some good and simple explanations?

1. economy - it deals wid the production distribution n consumption of guds n services

2. FOREX - Foreign exchnage...the rate at which we can trade wid different economies of the world.

3. Globalisation - treatin the world has one comon unit...n bridgin the gap between the countries...

4. GDP - gross domestic product...The GDP of a country is defined as the total market value of all final goods and services produced within a country in a given period of time
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