Wednesday, 10 July 2013

Economy

Economy of a country is exposed  to many external and internal factors. For those who depend more on exports, slowdown in their major trade partners would hit them massively.

Nonetheless, big countries like the United States are more insulated from this effect as the domestic demand is the biggest driver of the economy.

A rather easier way for country to avoid the external effect, is to cut the trade with outside world to a bare minimum, say like the North Korea.

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