Economy of Montenegro is mostly a service based economy, currently in process of economic transition. Economy of this small Balkan state is recovering from impact of Yugoslav Wars, decline of industry following the breakup of SFRY, and UN economic sanctions.
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“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
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