GENERAL KNOWLEDGE

Detailed explanation-1: -Meaning of economic imperialism in English a situation in which one country has a lot of economic power or influence over others: Many rants on economic imperialism have come from those who distrust the capitalist system.

Detailed explanation-2: -poverty, civil war, economic migration and loss of skilled workers among other challenges.

Detailed explanation-3: -Examples of formal economic imperialism include the British colonization of India and the establishment of British trading posts in China during the 19th century.

Detailed explanation-4: -Definition: Microeconomics is the study of individuals, households and firms’ behavior in decision making and allocation of resources. It generally applies to markets of goods and services and deals with individual and economic issues.