In the briliance of nature which has spent billions of years engineering its way out of challenges through adaptation and evolution while producing some marvels, …
Ever wondered about the relationship between rates of taxation and tax revenues? The iconic Laffer curve illustrates this intuitive relationship compellingly. Laffer Curve a bell-curve …
Gross Domestic Output (GDP) the single statistical measure obtained through a complex process of compressing large data of economic activities is considered the worlds most …
Government issuing debentures worth Rs 10 billion, again
This fiscal year (2023/24) the government has announced an expenditure plan (budget) of Rs 1.75 trillion, among which it will raise Rs 1.24 trillion in …
What are ‘Non-Performing Loans’ and ‘Loan Loss Provision’?
Non-performing loans (NPLs), also known as bad loans, are loans that are in default or at the risk of defaulting when they are not serviced …
What is polarity in international relations?
In International Relations, polarity refers to the distribution of power among states in the global system which can be categorised into three main types: unipolarity, …
‘Water scarcity’ and economic concepts that shape decisions on resource allocation
Individuals, businesses, and societies make decisions on an everyday basis that determine how resources are allocated in various economic scenarios, from personal finance choices and …
The concept creative destruction refers to the innovation and technological development process that fuels economic growth by routinely substituting outmoded businesses, goods, or services with …
A notable concept in social science unintended consequences refers to the unforeseen outcomes or results that arise as a result of actions, decisions, or policies, …
A bank run occurs when a significant group of depositors, all attempt to withdraw their money at the same time with a concern that their …
The notion polluters must pay implies that the one who is responsible for causing pollution or environmental harm should be obliged to bear the costs …
The Pareto principle proposes that for many outcomes about 80% of consequences result from 20% of causes asserting an uneven relationship between inputs and outputs. …
