Private law :- Civil Law, commercial law, real estate law, labor law, company law.

Regular courts have jurisdiction in private law. Everyone has same

rights and treated equally. No one is on charge or has power over another in the group.

Public Law :- Public law is the area of the law that regulates interactions between individuals who are directly relevant to society and a government,
as well as between various institutions within a state and between the branches of government. Constitutional law, administrative law, tax law,
criminal law, and all procedural law are all examples of public law[1].

President Nixon:- With inflation on the rise and a gold run looming, President Richard Nixon's team enacted a plan that ended dollar convertibility
to gold and implemented wage and price controls, which soon brought an end to the Bretton Woods System.

Exchange Rate:- An exchange rate is a rate at which one currency will be exchanged for another currency and affects trade and the movement of
money between countries

United Nations :- it is an intergovernmental organization whose main purpose is to maintain peace and security, develop friendly relations among
nations.

WTO:-It deals with the global rules of trade between nations. Its main function is to ensure that the trade flows as smoothly , predictably and freely
as possible. The WTO currently consists of 159 countries from almost every part of the world.

The World Bank Group (WBG):- is a family of five international organizations that make leveraged loans to developing countries. It is the largest and
best-known development bank in the world and an observer at the United Nations Development Group.[6]

International monetary fund (imf) :- It is "working to foster global monetary cooperation, secure financial stability, facilitate international trade,
promote high employment and sustainable economic growth, and reduce poverty around the world.

OECD :- The organization for Economic Cooperation and development:- It is an unique form where the governments of 37 countries with market -
based economics collaborate to develop policy standards to promote sustainable economic growth .
GATT :- An international agreement superceded by the world trade organization in 1994 that minimized barriers to international trade by
eliminating or reducing quotas, tariffs and subsidies.

GATS :- General Agreement on Trade in Services (GATS): GATS is an international treaty administered by the World Trade Organization (WTO). It is a
multilateral agreement that aims to liberalize trade in services among member countries. The agreement establishes a framework of rules and
principles for the international trade of services, such as banking, telecommunications, tourism, and professional services.

The Trade Related Aspects of Intellectual Property Rights (TRIPS) play an important part in the facilitation of trade in knowledge and innovation.
Besides, it also assists to resolve trade disputes related to intellectual property, and in ensuring WTO members the flexibility to accomplish their
domestic policy goals.

Command economy :- A command economy is a key aspect of a political system in which a central governmental authority dictates the levels of
production that are permissible and the prices that may be charged for goods and services. Most industries are publicly owned.

Mixed Economy :- A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system
protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic
activities in order to achieve social aims.

Market economy :- A market economy is an economic system in which economic decisions and the pricing of goods and services are guided by the
interactions of a country's individual citizens and businesses. There may be some government intervention or central planning, but usually this term
refers to an economy that is more market oriented in general.

Trade :- The definition of trade can be simplified in a single sentence, the fulfilment of desires by two individuals or groups via the swapping of
their respective material goods and services. (It can exchange of commodities, services, bonds and digital securities)

International trade Law :-

Customs :- Established pattern of behaviour that can be objectively verified within a particular social setting.

Rules :- Set of explicit or understood regulations or principles governing conduct within a particular activity or sphere.