Introduction A country requires two policies to run its economy i.e. Fiscal Policy and Monetary Policies. Both of these policies are very crucial to steer and stabilize the economy and both the policies have different approaches to different aspects of the economy. Fiscal policy is more concerned with government actions and generally deals with taxation … Read more
Introduction Recession and inflation are two very commonly misunderstood terms. Most of the time, people use these terms as synonyms but they represent different situations in an economy. Both of them have certain defined characteristics. Recession is an economic condition which is characterized by a widespread decrease in various economic indicators, such as gross domestic … Read more
Introduction SWOT analysis is a strategic planning tool. It helps businesses and organizations to identify and evaluate the strengths (S), weakness (W), Opportunities (O) and Threats (T). Strengths and weaknesses assess the internal factor of the organization whereas opportunities and threats assess the external environment. The SWOT analysis is essential for identifying the current position … Read more
Introduction Human Relations Theory is one of the management theories that emphasizes the importance of social and psychological factors in the workplace. The basic argument of this theory is that employees are not just an economic being, but also are social and psychological beings. And, their behavior and productivity are influenced by a range of … Read more
Introduction: Supply Chain Management The administration of processes involved in the manufacture and delivery of a good or service, from the sourcing of raw materials to the delivery to final consumers, is known as supply chain management (SCM). In other words, supply chain management entails all procedures that convert raw materials into finished commodities. It … Read more
Introduction: The Adani Group Adani Group is the leading business conglomerate of India. Gautam Shantilal Adani founded this in 1988 as a commodity trading business. Over the years, the company has diversified into several businesses. This including ports, agribusiness, energy, logistics, real estate, financial services, and defense. The market capitalization of the Adani Group is … Read more
Introduction Mobile payments refers to the use of a mobile device, such as a smartphone and personal digital assistant (PDA), to make financial transactions. This can include things like buying products or services, paying bills, and transferring money. Mobile payments can be made through a variety of methods, including near-field communication (NFC), text messaging, or … Read more
Introduction Good governance is the manner in which power is exercised in the management of an entity’s or a country’s economics and social resources for development. Good governance refers to the way in which a government or organization is run. It includes characteristics such as transparency, representation, accountability, participation, competence and effectiveness. Good governance ensures … Read more
Introduction Delegation in management is the process of assigning tasks, responsibilities, and authority to others in order to accomplish a goal or objective. It involves the transfer of decision-making authority from one person to another, along with the accompanying resources and support. Delegation is an important aspect of management because it allows managers to focus … Read more
Limitations of Microeconomics Microeconomics studies individual units, hence, it cannot provide the complete overview of the whole economy. The scope of microeconomics is limited and the study of microeconomics is based on many assumptions. There is no doubt about its importance but there are several limitations in microeconomics. Microeconomics Limitations Generalization Microeconomics studies individuals and … Read more