Meaning of good Good is any item that adds some kind of value to the lives of people in any form. Good can be any tangible item that satisfies the want of the consumers. In factor of production, a good is the output of an economic system. Features of goods Classification of goods Normal Goods … Read more
Introduction to Economic Development Before, we define the term ‘Economic Development’, we must know the meaning of Economic Growth. We often misunderstand the term ‘Economic Development’ with ‘Economic Growth’. Economic growth is nothing but the increase in the quantity and quality of the economic goods and services that a country produces. Growth only considers the … Read more
Background In 1987, two Hyderabadi brothers Mr. Ramalinga Raju (will be referred as Raju for rest of article) and Mr. Rama Raju established an IT firm. They named the business “ SATYAM COMPUTER SERVICES”. They offered services like software development, system maintenance, packaged software integration, business integration and many more. Satyam Computer Services marched to … Read more
Introduction Poverty Trap is a re-incurring mechanism where poor people remain poor. It is a state where poor people can’t get out of the cyclical pattern of poverty. In economic theory, poverty trap is a self-perpetuating condition where an economy, caught in a vicious cycle, suffers from persistent underdevelopment. Prof. Ragnar Nurkse, an Estonian economist, … Read more
Demand Demand means desire to have a commodity backed by the willingness and ability to pay for the commodity demanded. Preferences and choices are the basics of demand. Theory of Demand describes the way that changes in the quantity of a goods or service demanded by consumers affects its price in the market. Economics is … Read more
Introduction In 1968, Sveriges Riksbank (Central Bank of Sweden), on the occasion of the Bank’s 300th anniversary, established a Prize in Economic Sciences in the Memory of Alferd Nobel, the founder of Nobel Prize. Sveriges Riksbank Prize follows the same principles as for the Nobel Prizes and this prize is based on the donation received … Read more
Introduction A market anomaly is a price action that contradicts the expected behavior of the stock market. Traders and investors can use these unusual market behaviors to find opportunities throughout the stock market. A market anomaly refers to the difference in a stock’s performance from its assumed price trajectory, as set out by the efficient … Read more
AMARTYA SEN Amartya Kumar Sen is an Indian Economist born on 3rd November 1933 in Santiniketan, India. Mr. Sen studied at Presidency College and Calcutta and then completed his higher degree from Trinity College in Cambridge. Mr. Sen has made contributions to welfare economics, social choice economics, economic theories of famines, decision theory, development economics … Read more
Economics is simply the study of the allocation of resources and the study of choices. It is one of the social sciences disciplines which is concerned with the production, distribution, and consumptions of goods and services. Economics studies how market participants make choices to satisfy their wants and needs when resources are scarce. Market participants … Read more
Definition: Market Risk Market risk is the risk of losses to the business or firms arising from movements in market prices as a result of changes in interest rates, foreign exchange rates, and equity and commodity prices. There are two major components of market risks; General Market Risks and Specific Risks. General Market Risks also … Read more