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What is smart city
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Smart cities, also called digital city, intelligent city and cyberville, are cities that use technology to improve the quality…
Transatlantic Trade and Investment Partnership
Transatlantic Trade and Investment Partnership (acronym TTIP) is a bilateral trade agreement between European Union and the United States of…
Gross Domestic Product
Gross Domestic Product, GDP, can be simply defined as the sum of the market value of all the goods and…
Inflation and Deflation
The last couple of months have seen a steep fall in inflation rates. The WPI, acronym for Wholesale Price Index,…
India’s Demographic Transition
The United Nations Population Fund (UNFPA) defines demographic dividend as “the economic growth potential that can result from shifts in…
Economics & Finance: The Synergy
Category Economics Finance Definition It refers to the study of allocating limited goods and services to quench infinite human wants.…
Factor Endowment Theory
Whether one has studied economics or not they have probably heard the phrase ‘factors of production’. The factors of production…
SQA: Value Proposition
One always talks about ‘quality’. One always looks for the best quality of cloth or the most eco-friendly and organic…
Leontief Paradox
The Leontief Paradox is one of the most famous and important contradictions in the history of economics. It was devised…
The H-O Theory
The Heckscher-Ohlin theory of International Trade, also called the H-O theory was established by Bertil Ohlin. He derived this theory…