Poverty is traditionally defined as the state or condition in which a person or a community lacks the financial or physical resources to...

“Nobles, citizens, farmers, mechanics, seamen, footmen, maid-servants, even chimney-sweeps, and old clothes-women, dabbled in tulips.” ~...

Assume you have an assignment due on Saturday, a week from today. You have done several assignments of this length before and it...

After winning elections for the second time, the Modi Sarkaar set a target of making India a 5 trillion-dollar economy by 2024....

Classical economics is a school of thought in economics that flourished primarily in Britain. It was developed shortly after the birth...

Transactional utility is a term to describe the happiness a consumer gets from the perceived value of the deal. 'Transactional utility'...

“It should be known that at the beginning of the dynasty, taxation yields a large revenue from small assessments. At the end of the...

The Canadian Government introduced a welfare scheme called the Canada Learn Bond. The scheme was largely for the poor of the country....

Atul pays ₹5000 for a football class that he is supposed to attend thrice a week. After a few weeks, he realises that he has a ton of...

What if the government took the responsibility to pay its citizens a minimum amount of money from time to time without imposing any...

The framing effect is a cognitive bias where our choices are influenced by the way questions are framed, through different wordings,...

Keynesian economics implies that increased government spending is required for an economy pull out of recession because that would lead...

The cost of dishonesty, therefore, lies not only in the amount by which the purchaser is cheated; the cost also must include the loss...

An Oligopoly is a type of market dominated by a few firms that produce homogenous products, which are mutually interdependent, and every...

A poverty trap is a spiraling mechanism that binds the poorer sections of society within itself, making it very hard to escape. Poverty...

Paradox of competition in economics is a situation where different measures, which offer a competitive advantage to an individual...