Notes and Study material for Exams
Narrow Money: A Deep Dive into the Core of a Nation’s Liquidity Narrow money, often referred to as M1, represents the most liquid components of a country’s money supply. It encompasses those financial assets that can be readily used for transactions, providing a direct measure of the immediate purchasing power available in an economy. Understanding … Read more
The Dance of Supply and Demand: Understanding Market Price Dynamics The market price of a good or service is a fundamental concept in economics, reflecting the dynamic interplay between supply and demand. It acts as a signal, guiding producers and consumers in their decision-making processes, ultimately determining the allocation of resources within an economy. This … Read more
The Vital Dance: Procurement and Distribution in the Modern Supply Chain The modern business landscape is a complex tapestry woven with threads of global sourcing, intricate logistics, and ever-evolving consumer demands. At the heart of this intricate system lies a dynamic duo: procurement and distribution. These two functions, often perceived as separate entities, are in … Read more
Bottleneck Inflation: A Deep Dive into Supply Chain Constraints and Price Hikes The global economy has been grappling with a surge in inflation since the onset of the COVID-19 pandemic. While various factors contribute to this phenomenon, one particularly impactful driver is bottleneck inflation. This article delves into the intricacies of bottleneck inflation, exploring its … Read more
The Invisible Hand: Understanding the Law of Demand and Supply The concept of supply and demand is a fundamental principle in economics, shaping the prices of goods and services in a free market. It’s the invisible hand that guides the allocation of resources, determining what gets produced, how much, and at what price. This article … Read more
Mastering the Art of Supply Chain Management: A Comprehensive Guide The modern business landscape is characterized by increasing complexity and interconnectedness. Businesses operate in a globalized environment, facing volatile market conditions, fluctuating demand, and ever-evolving customer expectations. In this dynamic context, supply chain management (SCM) emerges as a critical differentiator, enabling organizations to navigate challenges, … Read more
National Technical Textiles Mission (NTTM): Powering India’s Technical Textile Revolution Introduction India, with its vast population and burgeoning economy, is poised to become a global leader in the textile sector. However, the country’s dominance in traditional textiles has not translated into a similar dominance in the rapidly growing technical textiles market. Recognizing this gap, the … Read more
The Elasticity of Demand: Understanding the Responsiveness of Consumers The concept of elasticity is fundamental to understanding how consumers respond to changes in price. In economics, elasticity of demand measures the sensitivity of the quantity demanded of a good or service to changes in its price. This sensitivity is crucial for businesses, policymakers, and consumers … Read more
The primary energy consumption in India is the third biggest after China and USA with 5.5% global share in 2016.The electricity generation target of conventional sources for the year 2017-18 has been fixed as 1229.400 Billion Unit (BU). i.e. Growth of around 5.97% over actual conventional generation of 1160.141 BU for the previous year (2016-17). The conventional … Read more
Skewflation: The New Inflationary Beast The global economy is grappling with a complex and evolving inflationary landscape. While headline inflation rates may be moderating in some regions, the underlying dynamics are far from benign. A new term has emerged to capture this nuanced reality: skewflation. This article delves into the concept of skewflation, its drivers, … Read more