Globalization promotes the free movement of goods and services between communities or countries. On the other hand, localization emphasizes on promoting local businesses and being more self-dependent.

Gross investment refers to the total expenditure on buying capital goods over a specific period of time. On the other hand, Net investment considers depreciations and is calculated by subtracting depreciation...

The Euro is the official currency of the Eurozone. It is also the currency used by the Institutions of the European Union. The US Dollar, on the other hand, is the official currency of the United States and...

Both GDP and GNP are used to measure the size and strength of an economy. However, they differ in their application and the elements that they comprise of.

The words reserve price and start price complement each-other in bidding. But their strategic definition is all together different.