what is the economic and social council of the un
United Nations Economic and Social Council The United Nations Economic and Social Council (ECOSOC; French: Conseil Ã©conomique et social des Nations unies, CESNU) is one of the six principal organs of the United Nations, responsible for coordinating the economic, social, and related work of 15 UN specialised agencies, their functional commissions and five regional commissions. The ECOSOC has 54 members. It holds one four-week session each year in July, and since 1998, it has also held an annual meeting in April with finance ministers heading key committees of the World Bank and the International Monetary Fund (IMF).
Economics Theory and observation set out the conditions such that market prices of outputs and productive inputs select an allocation of factor inputs by comparative advantage, so that (relatively) low-cost inputs go to producing low-cost outputs. In the process, aggregate output may increase as a by-product or by design.[37] Such specialization of production creates opportunities for gains from trade whereby resource owners benefit from trade in the sale of one type of output for other, more highly valued goods. A measure of gains from trade is the increased income levels that trade may facilitate.[38]
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International human rights law In 2006, the United Nations Commission on Human Rights was replaced with the United Nations Human Rights Council for the enforcement of international human rights law.