Building from scratch we know that it is the simple mechanism of micro economics wherein the market forces of demand and supply determine the prices of goods and services in the economy. Here the commodities that fall in picture are…
Tag: Economics
The Shrinking Denominator
We are living in an era of cheap currencies. Gone are the days when devaluation was taken up to balance the deficit of payments, to speed up manufacturing sector, create employment opportunities thereby providing social and economic growth. Putting it…
Financial Crunch At Air India
“AI selects Booz, Rothschild for cost restructuring?, “AI may announce 50% incentive cut?, “Pilots refuse to meet with Air India management?, “AI asks employees to accept salary cuts”. These are the news headlines that have been flooding the media and…
Mobile Industry Represents 2% Of Global GDP
It is estimated that by the end of 2011, mobile industry globally will be around US $1.3 trillion business. This figure corresponds to 2% of the total global GDP. The above figures are accounted taking into account everything from data…
Economic Intelligence – A Two Edged Sword
In these ever-changing times and days of rapid fluctuations, it’s important to sit down and take stock of what’s going on. It’s said that knowledge increases when shared and this is where economic intelligence comes in. Technically, economic intelligence can…