Middle Income Trap: Definition, Causes, and Overcoming Strategies

Have you ever heard the term Middle Income Trap? This term is often used to describe a country’s national economic condition. This term describes how a country experiences stagnation in economic conditions. Definition of Middle Income Trap Middle Income Trap is a term that describes the situation when a country succeeds in increasing middle income, …

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Deposits: Definition, Types and Benefits

Deposits are one type of savings offered by banks. In contrast to savings, customers who save their money in deposits can only withdraw money within certain time periods and conditions. You can find out complete information about deposits in the following review. What is a Deposit? As mentioned previously, deposits are one of the investment …

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