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13.8%. Mexico's Gross Domestic Product (GDP) in purchasing power parity (PPP) was estimated at US$2,143.499 billion in 2014, and $1,261.642 billion in nominal exchange rates. [45] It is the leader of the MINT group. Its standard of living, as measured in GDP in PPP per capita, was US$16,900.
Behavioral economics is the study of the psychological (e.g. cognitive, behavioral, affective, social) factors involved in the decisions of individuals or institutions, and how these decisions deviate from those implied by traditional economic theory. [1][2] Behavioral economics is primarily concerned with the bounds of rationality of economic ...
Neuroeconomics. Neuroeconomics is an interdisciplinary field that seeks to explain human decision-making, the ability to process multiple alternatives and to follow through on a plan of action. It studies how economic behavior can shape our understanding of the brain, and how neuroscientific discoveries can guide models of economics.
Since the colonial era, the economic history of Mexico has been characterized by resource extraction, agriculture, and a relatively underdeveloped industrial sector. Economic elites in the colonial period were predominantly Spanish-born, active as transatlantic merchants and mine owners, and diversifying their investments with the landed estates.
The Latin American economy is an export-based economy consisting of individual countries in the geographical regions of North America, Central America, South America, and the Caribbean. The socioeconomic patterns of what is now called Latin America were set in the colonial era when the region was controlled by the Spanish and Portuguese empires.
The Mesoamerican region (often abbreviated MAR) is a trans-national economic region in the Americas that is recognized by the OECD and other economic and developmental organizations, comprising the united economies of the seven countries in Central America – Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama; plus nine south–eastern states of Mexico – Campeche ...
It can also be considered a subfield or method in economics. [1] Economic geography takes a variety of approaches to many different topics, including the location of industries, economies of agglomeration (also known as "linkages"), transportation, international trade, development, real estate, gentrification, ethnic economies, gendered ...
With a population of about 129 million in 2022, [4] Mexico is the 10th most populated country in the world.It is the largest Spanish-speaking country in the world and the third-most populous country in the Americas after the United States and Brazil, [5] the most populous city in the country is the capital, Mexico City, with a population of 8.9 million (2016), and its metropolitan area is also ...