Satoshi Nakamoto filed a patent in the year 2008 on August 15th. The patent was about the revolutionary digital currency system known as the bitcoin system. The patent got recognized internationally. The popularity was just because of the flawless design of the currency system. Yet, calculating so many risks associated towards its development and design, […]
Early Recessions According to NBER, Recession is a decline in economic activities for two successive quarters. Technically, negative GDP growth for at least two consecutive quarters. Recessions aren’t a new phenomenon in the western world. America had its first recession in 1785. Called as the Panic of 1785, it lasted for 4 years. Copper Panic […]
About this Book Bringing under consideration a significant time span, this brief history of economics is an ideal course for acquainting understudies with the field. This course represents how the thoughts of the considerable economics experts affected social orders along with themselves moulded by their social situation. Not does this course only discuss the history […]
About this Book There is no simple way to explain how economy works. Economy depends on various factors. The economy of the USA is not same as the economy of India. Globalization is real but still different countries have different economy even today. Argentina once faced a huge economic crisis, and in time to time, […]
About this Book Humankind has evolved in many ways. The basic reason for this evolution has been the non-stop urge for more. Innovation has helped humankind to facilitate living and increase the standard of living too. Capitalism has served the same purpose. It was by the way of capitalism that a major part of the […]
About this Book The world is interconnected through many links. One of the links is economic. The economies of the world are connected via trade and transactions. There is a huge number of transactions taking place on a daily basis between people belonging to different countries. Thus the world is in itself an economy. There […]
About this Book As most of the things in the world are scarce, the allocation of these scarce resources becomes very important. Economics, whether micro or macro, is needed because of this scarcity. Microeconomics deals with individuals and firms. Microeconomics can also be termed as the study of supply and demand. It assumes rational behavior […]
About this Book Applied Economics is a recent development in the subject of economics. By Applied Economics, the application part of any economic policy is to be considered without which an economic theory in itself would be rendered useless. Economic Theories are propounded every other day, but without a practical use to itself, the same […]
About this Book Accounting can be termed as the psychology of transactions. Psychology studies the behavior of the mind. To define accounting, one can refer it to be the study of money and its behavior in day to day lives. Money is essential for the survival of any being in modern times. It is a […]
About this Book Economics is an important branch of studies that deal with the rules, principles, and laws governing the economy of a nation and different parts of the world. Economics is the study and an analysis of how individuals, businesses and populations use money or other resources in order to produce wealth. It is […]
About this Book A recession is a decline in economic activity for a period of at least half a year. The world has seen several recessions of varying degrees. Every part of the human inhabitable world has experienced a recession at a point of history. Compared to the underdeveloped and developing countries, the developed nations […]
About this Book Complexity is usually confused with the term complicated. There are many different elements, individuals and particles in a complex system that interact with each other. They also respond to the environments. These elements, individuals and particles are inter-genius in terms of the information, knowledge or otherwise. Interaction involves interchanging information and knowledge. […]
About this Book The concept of Managerial Economics is extremely urgent and vital to the field of economics. Also, the idea is state-of-the-art, and it has been used widely in almost all types of businesses. It is one of the three major divisions of economics, which is also very essential for the consumers. The Managerial […]
About this Book When it comes to economics, it has a number of branches which can help a business to run in a proper way so that it can be successful and gain more revenue and sales. The concept of behavioral economics is basically the process of examining different emotions and thought processes of individuals […]
About this Book The economic development is one of the most critical aspects which are responsible for the enhancement and recognition of a country at the global level. There are various economic developments that can be attained with the help of proper planning, focused on the development of a country. The economic development is related […]
About this Book The beginning of this economic concept, economies of the scale, can be dated back to Adam Smith who was a Scottish pioneer of political economy and an important key figure during the Scottish Enlightenment Era who first mentioned this concept in his book “Wealth of Nations” in 1776 and was based on […]
About this Book Customer Relationship Management is of a great use to the multi-level business arrangement. Its use can be dated back to the era of pre-industrialisation when its need was found for keeping track about the needs and demands of the customer. Many advancements were made since the time but the term ‘CRM’ was […]
About this Book The law of the Supply and Demand is a vital concept and part of the economy of the world. This is a concept which is followed by every country and every place in order to make good progress in the product of the goods and services, in the fulfillment of the various […]
About this Book Return on Equity is a term that reflects the net income to every shareholder on the nominal shares holding. It is the most important derivation calculated by dividing net income to the total shareholders. The Net Income is derived after deducting the various expenditures incurred by the company from the gross income […]
About this Book Advertising and marketing are the basics of success in any business. A business’s or a company’s income directly depend on advertising and marketing. They are the essential part of business process. It is the process where the public is made aware of the product that business is selling. Although people mistake them […]