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Showing posts from January 24, 2010

What is Psychology? Part1

the term psychology is derived from two Greek words psyche meaning soul and logos meaning science or study of a subject
Psychology is defined formally as a science which studies mental processes, experiences and behaviour in different contexts.
the three terms used in the definition, namely, mental processes experience, and behaviour
When we say experiences are internal to the experiencing person, we refer to states of consciousness or awareness or mental processes. One level at which these mental processes are reflected is the brain activity. Our brain activities can be observed using different techniques of brain imaging However; we cannot say that brain activities and mental processes are the same, although they are interdependent. Mental activities and neural activities are mutually overlapping processes but, they are not identical.
Brain activities provide important clues to how our mind functions
Consciousness of our own experiences and mental processes are much more than the neural …

International Trade part 2

Types of International Trade: International trade may be categorized into two types:
Bilateral trade: Bilateral trade is done by two countries with each other. They enter into agreement to trade specified commodities amongst them
Multi-lateral trade: multi-lateral trade is conducted with many trading countries the same country can trade with a number of other countries. The country may also grant the status of the "Most Favored Nation" (MFN) on some of the trading partners.

Case for Free Trade the act of opening up economies for trading is known as free trade or trade liberalization. is done by bringing down trade barriers . Allows goods and services from everywhere to compete with domestic products and services.
Globalization along with free trade can adversely affect the economies of developing countries by not giving equal playing field by imposing conditions which are unfavorable. Free trade should not only let rich countries enter the markets, but allow the developed count…