Demand Pull and Cost Push Inflation 1. Demand Pull Inflation The demand-pull inflation occurs when the aggregate demand increases at a much higher rate than the aggregate supply. In other words, demand-pull inflation occurs when, given the aggregate supply, aggregate demand increases substantially. Increase in aggregate demand may be caused by i. monetary factors, i.e. […]
Inflation – Meaning, Definitions, Characteristics, Causes and types
Inflation Meaning, Definitions, Characteristics, Causes and types Meaning Inflation is a global phenomenon in present-day times. There is hardly any country in the capitalist world today which is not afflicted by the specter of inflation. Inflation is a sustained rise in the average level of prices. Notice, the word sustained. Inflation does not mean a […]
Business Cycle/Trade Cycle – Meaning, Definitions, Features, Phases and Theories
Business Cycle/Trade Cycle Meaning, Definitions, Features, Phases and Theories Business cycle is the periodic up and down movements in economic activities. It is also know as economic cycle or trade cycle It has been seen that economic activities measured in terms of production, employment and income move in a cyclical manner over a period of […]
The Consumer Protection Act 1986
The Consumer Protection Act 1986 The Consumer Protection Act 1986 Introduction Till 1985, the consumer, specifically in India, was neglected. Traders dominated the market in every aspect of business causing concern to the consumers. In spite of various provisions providing protection to the consumer and providing for stringent action against adulterated and sub-standard articles in […]
Why around a thousand MNC are not able to leave Russia?
A shrinking number of well-known companies are still doing business in Russia, even as hundreds have announced plans to curtail ties. But many are curious to know why leading brands have not closed their operations in the world’s most sanctioned country. Reason : First, many brands do not operate directly in Russia and have outsourced […]
Stealth Omicron Subvariant, its Symptoms, Cases, and Death Rate
Following easing of restrictions, COVID cases are on the rise again. China recently imposed restrictions to curb the spread of cases while South Korea recently reported over 6 lakh cases. The World Health Organisation (WHO) has called the recent surge in cases ‘tip of the iceberg’. What is Stealth Omicron Subvariant? It is a new […]
International Day of Happiness 2022
Every year on March 20, the United Nations celebrates the International Day of Happiness. With our planet experiencing unprecedented challenges, it is more important than ever to be happy. The purpose of the International Day of Happiness is to raise awareness on the value of happiness in one’s life and the overall impact it can […]
World Sparrow Day 2022
World Sparrow Day (WSD) is celebrated every year on March 20th. This day is meant to raise awareness about the house sparrow and the dangers it confronts. The purpose of World Sparrow Day is to raise awareness and protect the bird all across the world. A few years ago, house sparrows were commonly seen in people’s homes. As […]
WORLD ORAL HEALTH DAY 2022 – Theme & Significance
World Oral Health Day : World Oral Health Day is observed on March 20 every year. The FDI World Dental Federation launch a year-long campaign dedicated to raising awareness and issues around oral health and the importance of oral hygiene. Governments, health associations and citizens work together to achieve healthy mouths and happy lives. In […]
International Day of Forests 2022
The world celebrates the International Day of Forests on March 21 every year with the aim to increase awareness about the unprecedented role forests play in sustaining lives on this planet. Forests provide food, water, and shelter to animals and human beings. They reduce the impact of events threatening to life, such as floods and […]