One of the key aspects of economics that can define a country's market is aid received from various sources. Even though aid is generally received by developing countries, most countries in general have at some point or another been the recipient or the donor. Aid is described as help or assistance for support and relief. In economics however, it can mean much more than that, as there are times when aid can transform a nation.
There are several different types of foreign aid with the most common being bilateral, multilateral, official and tied aid.…
