10 Interesting Fact About Economics and financial systems
10 Interesting Fact About Economics and financial systems
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According to history, the currency was first introduced in 600 BC in the Lydia region, Turkey.
The stock market was first created in 1602 by the Dutch East Indies company to obtain funds for their trading activities in Asia.
The term inflation comes from the Latin word inflare which means to expand. This refers to the fact that the price of goods and services becomes greater than time to time.
The largest economy in the world today is the United States with a GDP of around $ 21.4 trillion in 2019.
Market mechanism is a system where prices are determined by demand and supply, and this is usually applied in free markets.
Paper money was first introduced in China in the 7th century, but modern paper money was first made in Sweden in 1661.
Bitcoin, the most popular digital currency today, was introduced in 2009 and was created by an unknown person by the pseudonym Satoshi Nakamoto.
Large technology companies such as Amazon, Google, and Facebook have become a big force in the modern global economy, and they are known as giant companies.
The central bank is a financial institution responsible for regulating the supply of money and interest rates in a country.
The current global economy is dominated by developed countries such as the United States, Japan, and European countries, although developing countries such as China and India are increasingly playing a greater role.
