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One woman’s initiative to transform health care
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Elizabeth Holmes has been named in the Time’s ‘100 most influential people of 2015’ and she has also been nominated…
The Rising Significance of Social Progress Index
A country can economically progress only if the people living in that country are happy and satisfied with their lives.…
Japan’s maglev breaks world speed record
Rail Transport is Japan have become an essential part of Japanese culture. Majority of people in Japan rely on rail…
Net Neutrality Debate : Is it an end to open internet?
The debate on net neutrality has gained momentum on social media. It has become one of the most trending issues…
Ricardian Equivalence
Ricardian Equivalence is an economic theory that states that when government tries to increase demand by increasing debt financed government…
Creative Destruction
The term “Creative Destruction” was coined by Joseph Schumpeter, an Austrian-American economist in his work “Capitalism, Socialism and Democracy”, first…
Coase Theorem
Coase Theorem is a concept in law and economics which states that in the absence of transactions cost the level…
Laffer Curve
According to Laffer Curve, as taxes increase from low levels the tax revenue collected by the government will also increase.…
Information Asymmetry
Information Asymmetry in economics indicates the situation in which one party in a transaction has more or better information than…
Phillips Curve
Phillips Curve is an economic concept given by British economist A.W. Phillips. According to this concept, inflation and unemployment have…