Remember when a dollar could buy you a candy bar or a gallon of gas? Well, those days are long gone. Inflation has been chipping away at the value of our money for decades. But what exactly is inflation, and why does it happen? In this post, we’ll dive into the nuts and bolts of
Interest rates are a fundamental tool of monetary policy and play a critical role in the global economy. The decisions made by central banks and other monetary authorities regarding interest rates can have far-reaching impacts on individual economies, financial markets, and even people’s everyday lives. From affecting the cost of borrowing and lending to influencing
RBI has introduced the Central Bank Digital Currency Or e rupee on October 7, 2022, which will work as the digital equivalent of a banknote and can be transferred electronically within a fraction of a second from one holder to another. It is the same as cash that can be kept in a wallet on
Since the last few decades, environmental issues have been increasing drastically and traveling faster than a forest fire, from a different country to region, then region to world-level territory, which is considered a serious cause of climate change and global warming. Apart from that, scarcity of natural resources, wealth, and increasing air and water pollution
An initiative by India is taken to incorporate the Indian rupee into global trade. But why and how? Let’s dive into the blog below to find out. Why does India want to trade in the rupee? The rupee’s value against the American dollar is continuously sliding and it also flows from the periodic rise in
We all know that the changes in the price of the product, income of the households, prices of related goods, tastes and expectations, advertisement expenses, etc affect the quantity demanded of a product or service. This indicates only the directional impact of the changes in the factors influencing demand. This only indicates the directional impact
What is supply? Supply of a commodity refers to the various quantities of the commodity that a seller is willing and able to sell at a different price in a given market, at a particular point, by remaining other things constant. An aspect of supply management which needs attention is that supply is related to
We often heard the term demand in your life and used it many times. But what does it refer to? Have you ever wondered about what is demanded in economics and how it influences the business world? Don’t worry. You are at the right place. In this article, we are going to discuss the demand
What is a commercial bank? A commercial bank is a financial institution or a type of bank which usually accepts deposits from the public and provides loans to them for the purposes of consumption and investment to make a profit. Commercial banks also refer to the bank, or the part of a large bank, that
Moonlighting has become one of the hot topics in the gig economy these days. The concept of moonlighting has seen a tremendous rise, especially amidst this work-from-home model or remote working culture after the covid pandemic. There is always a lot of debate among people regarding the legitimacy of moonlighting in employment sectors. While some
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