Apple’s Expansion in India: A Game-Changer for Trade and Employment
Title: Apple’s Expansion in India: A Game-Changer for Trade and Employment Apple Inc., the global technology giant, is making major moves to expand its iPhone manufacturing footprint in India. This strategic shift, once seen as a hedge against rising geopolitical tensions and over-reliance on Chinese manufacturing, has grown into a full-fledged pivot. With Apple expected […]
Free Trade
free trade
LEWIS MODEL OF UNLIMITED SUPPLY OF LABOUR
The Lewis model with unlimited supply of labour is a foundational concept indevelopment economics, proposed by W. Arthur Lewis in 1954. It explains theprocess of economic development in a dual-sector economy, where a traditionalagricultural sector, characterized by subsistence farming and low productivity,coexists with a modern industrial sector, which is capital-intensive and hashigher productivity. In themodel, […]
Do Saving Potentials are the results of Disguised Unemployment ?
The relationship : saving potentials and disguised unemployment is a topic that has been explored in the works of economists like Nurkse and Lewis, both of whom provide important insights into the dynamics of underdeveloped economies. Disguised unemployment, a concept primarily associated with surplus labour in agricultural and traditional sectors, is characterized by the presence of […]
LEWIS MODEL OF DISGUISED UNEMPLOYMENT (DEVELOPMENT ECONOMICS)
The concept of Lewis theory of disguised unemployment, often referred to as the “Lewis Model” or “Dual Sector Model,” is a foundational concept in development economics. It explains the structural transformation of an underdeveloped economy, characterized by a traditional agricultural sector and a modern industrial sector. Lewis’s model begins with the premise that many underdeveloped […]
Boserup’s Theory of Population
Boserup’s Theory Proposed by: Ester Boserup (1965) Boserup’s Theory, formulated by Danish economist Ester Boserup in her seminal work “The Conditions of Agricultural Growth” (1965), presents an optimistic counterargument to the Malthusian perspective on population and resources. Boserup posited that population growth is not inherently detrimental but serves as a driver for innovation, technological advancements, […]
HUMAN DEVELOPMENT INDEX ( DEVELOPMENT ECONOMICS )
Human Development Index (HDI): The Question emerges How to measure Human Development Index for Economic Development ( Development Economics ) Well, the answer is : The Human Development Index (HDI) is a compositemeasure that evaluates economic development by considering both economic andsocial indicators. Introduced by the United Nations Development Programme(UNDP) in its Human Development Report […]
Physical Quality of Life Index(PQLI)
Physical Quality of Life Index(PQLI) The PhysicalQuality of Life Index (PQLI) is a composite indicator used to measure thequality of life or well-being of people in different regions. It is analternative to purely economic indicators like Gross Domestic Product (GDP),aiming to provide a more human-centred approach to assessing development. Belowis an elaboration, including its history, […]
WHY ECONOMIC WELFARE ?
ECONOMIC WELFARE L ECONOMIC WELFARE Economicwelfare refersto the overall well-being and quality of life of individuals or a society, asdetermined by their economic conditions. It encompasses both materialaspects, such as income and consumption of goods and services, and non-materialaspects, such as […]
ECONOMIC DEVELOPMENT :ITS MEASURING WAYS
Meaning of Economic Development (Short Definition): Economic development refers to the process of improving the quality of life and well-being of a population by achieving sustained economic growth, reducing poverty, enhancing education, healthcare, and infrastructure, and ensuring equitable opportunities for all. It focuses on both quantitative (income growth) and qualitative (social progress) improvements. Measurement of […]
The WTO: Description, Challenges & Opportunities, (Development Economics)
The World Trade Organization (WTO) is an international organization established tofacilitate and regulate global trade. It provides a platform for member nationsto negotiate trade agreements, resolve disputes, and promote free and fairtrade worldwide. Here is adetailed explanation of the WTO: Overview of the WTO Founded: January 1, 1995, as the successor to the General Agreement on […]
TRADITIONAL & MODERN METHODS OF MARKETING
Traditional v/s. New Concept of Marketing Bridging the Gap Between Tradition and Innovation Marketing,at its core, has always been about connecting businesses with their targetaudience. However, the methods, tools, and philosophies underlying thisconnection have evolved significantly over time. The difference between old marketing concepts and newmarketing strategies highlights the dynamic nature of this field. This […]
THE FUTURE OF TRADING
The Future of Trading: An In-depth Analysis Trading has always been a cornerstone of economic activity, evolving through centuries from bartering systems to complex financial markets driven by sophisticated technologies. As we move further into the 21st century, the trading landscape is undergoing rapid transformation, shaped by technological advancements, regulatory changes, environmental imperatives, and shifting […]
THE BANKING SYTEM & COMMON MAN FACILITATION
https://onlineeducoach.com/wp-content/uploads/2024/12/THE-BANKING-SYSTEM.mp4 The banking system is a network of financialinstitutions that facilitate the flow of money within an economy. It consistsof various types of banks and financial entities that provide services such asaccepting deposits, making loans, offering financial products, and enablingtransactions. The primary functions of the banking system are to: Facilitate Payments: Banks provide a secure and efficient […]
MACRO ECONOMICS : MONETARY & FISCAL POLICY
Monetary policy and fiscal policy are two key toolsused in macroeconomics to influence a country’s economic performance. Below isan overview of these policies, their objectives, instruments, and keydifferences: MonetaryPolicy Monetary policy involves managing a country’s moneysupply and interest rates to achieve specific macroeconomic objectives. It istypically implemented by a central bank (e.g., the Federal Reserve […]
Economies of Scale : its impact on Production Process
ECONOMIES OF SCALE Economies of scale have two types Internal Economies and External Economies . Internal and external economies of scale refer to the cost advantages that firms experience as they expand production, which can occur at different levels: within the firm (internal) or within the industry as a whole (external). Here’s an explanation of […]
ECONOMICS : SCPOE AND EMERGING TRENDS
Hi guys Today we shall work out with the Economics and its subject matter Economics is the social science that studies the choices individuals, firms, governments, and societies make to allocate resources, which are typically limited, to satisfy their needs and wants. The term originates from the Greek word “oikos +nomia,” meaning household management, but […]
Advertising is the way to Succeed in Business
https://onlineeducoach.com/wp-content/uploads/2024/11/ADVER.mp4 Advertising is the way to Succeed in Business Hi there , There are many effective ways to advertise, and each method has its own strengths depending on your target audience, budget, and business goals. Here’s an overview of the most common types of advertising: 1. Digital Advertising Search Engine Ads: Use Google Ads or […]
Introduction to Micro Economics Chapters
Introduction to Micro Economics Chapters https://onlineeducoach.com/wp-content/uploads/2024/07/intro-micro.mp4
Development Economics
“Explore the core theories of Development Economics, from classical perspectives like Linear-Stages and Harrod-Domar models to modern insights in Endogenous Growth and Institutional Economics. Understand how theories like the Lewis Dual-Sector Model and Patterns of Development explain structural changes, transitioning economies from agriculture to industry and services. Delve into Dependency Theory’s critique of global inequalities […]
Development Economics: A Theoretical Overview
Hi There ,Let’s discuss Development Economics and its various theories Introduction: Development Economics is a field that explores how economies evolve over time, with a focus on improving the well-being of individuals in low-income countries. It examines the structural changes, policies, and strategies that can drive sustainable growth and reduce poverty. While conventional economics centers […]
Macro Economics : an Overview
Hi there , few people asked me to write a detailed lecture on macro economics . Well , sure I accepted Sure! Here’s a detailed lecture on macroeconomics, covering its foundational concepts, theories, and real-world applications. The lecture is organized into different sections, making it suitable for both beginners and those looking for a refresher. […]
Cost Curves: Your Guide to Microeconomic Success / Cost Curve Analysis
Let’s Discuss cost curves in Micro Economics there are two types of cost curves U shaped cost curves in Traditional Theory of Cost and L shaped cost curves in Modern Theory of cost we can discuss them one by one : The traditional theory of cost, also known as the “cost-output relationship,” explains how a […]
HOW TO GET OUT OF FINANCIAL CRUNCH
1. Assess Your Financial Situation • List your income and expenses: Start by making a clear list of all your income sources and monthly expenses. • Track your spending: Understand where your money is going, and identify areas where you can cut back. 2. Cut Unnecessary Expenses • Prioritize needs over wants: Focus on essentials […]
HOW ECONOMICS AFFECTS TO OUR LIFE
Life is based on Scarcity principle always and Economics affects our lives in numerous ways, both directly and indirectly. Here are some key areas where economics plays a role: 1. Personal Finances • Income and Employment: Economics helps shape the job market, influencing the availability of jobs, wages, and employment opportunities. Economic policies and conditions […]
MACRO ECONOMICS : KEY INDICATORS & POLICIES
Hi there , Let’s Discuss Macro Economics , its various branches and The Tools/Methods adopted by various countries for managing economic stability Well dear , Macroeconomics is the study of aggregates , it’s the branch of economics that studies the behavior and performance of an economy especially deals with economic activities including economic issues and […]
LAW OF DIMINISHING MARGINAL UTILITY
The law od diminishing marginal utility is given by Alfred Marshall . This topic relates the utility in to majorly three forms : Initial utility which is the satisfaction consumer derives with the consumption of any commodity at a given point of time . Secondly Marginal utility which is diminshing , zoro and sometimes negative […]
LAW OF DEMAND ; INCREASE & DECREASE IN DEMAND
Law of Demand: Increase & Decrease in Demand The Law of Demand states that, all else being equal, the quantity demanded of a good or service decreases as its price increases and vice versa. This inverse relationship between price and quantity demanded is a fundamental principle in economics. However, demand can change due to factors […]
Extension & Contraction in Demand ( In Hindi/Punjabi)
मांग में विस्तार और संकुचन से तात्पर्य उन परिवर्तनों से है जो किसी वस्तु या सेवा की मांग में कीमत में बदलाव के कारण होते हैं। इसे हिंदी में निम्न प्रकार से समझा जा सकता है: 1. मांग में विस्तार (Extension in Demand): परिभाषा: मांग में विस्तार तब होता है जब किसी वस्तु या सेवा […]
Macro Economics : Emergence and Key Concepts
Hi there , today we will workout with important branch of Economics which has impacted the Economies worldwide. Well the Topic is Macroeconomics . Macroeconomics is a branch of economics that studies the overall functioning and performance of an economy. It focuses on aggregate indicators such as GDP (Gross Domestic Product), unemployment rates, national income, […]
LAW OF DEMAND
The Law of Demand is a fundamental principle in economics stating that, all else being equal, the quantity demanded of a good or service decreases as its price increases, and vice versa. This inverse relationship between price and demand reflects consumer behavior: higher prices discourage purchases, while lower prices attract buyers. The demand curve, typically […]
INTRODUCTION TO MICRO ECONOMICS
Hi all kindly check the vlog post for introduction to micro economics Microeconomics in Detail Microeconomics is a branch of economics that studies the behavior of individual economic agents, such as households, firms, and governments, and how their decisions affect the allocation of resources and the distribution of goods and services. It focuses on the […]
Key Factors affecting Demand
Hi there , in this lecture we shall deal with factors affecting demand The demand curve represents the relationship between the quantity of a good or service that consumers are willing to purchase and the price of that good or service. Various factors can shift the demand curve to the right (increase in demand) or […]
Law of Demand
Hi Guys, Welcome to Economics tutorial , Today we shall deal with Meaning and law of demand .In Economics, demand refers to the quantity of a good or service that consumers are willing and able to purchase at various prices over a given period of time. Demand is not just about the desire to purchase […]
How Demand is Explained in Micro Economics
THE CONCEPT OF DEMAND IN MICRO ECONOMICS The concept of demand in microeconomics has evolved over time, with contributions from various economists. However, it is largely attributed to the foundational work of early economic thinkers during the classical and neoclassical periods. Key Contributors to the Concept of Demand: Adam Smith (1723-1790): Often considered the father […]
ECONOMICS is a Combination of MICRO & MACRO ECONOMICS
Well hi there Let’s Discuss Economics Economics is a vast and complex field that studies how societies allocate scarce resources to satisfy unlimited wants and needs. its allocation mainly drag the attention in to two main branches: microeconomics and macroeconomics. Micro means small or the study of human behaviour in to tiny forms like Microeconomics […]