Recent surge in edible oil prices has already melted the pandemic-stricken wallets of common people. Unlike global market, these prices in import depends India is a product of interplay among tarriff, oilseeds production, and consumer demand within and outside global market. To understand the ongoing game of edible oil prices in India, thoroughly causal analysis […]
When the size of production increases considerably, the given product becomes more cheaper due to efficient use of resources. And, the given cost advantage makes the product more competitive in the market. But, to be or remain in such effect, firm or actor need better market share. First of all, let’s know the importance and
In economics, the term “Tax regime” is used to express a system of taxes implemented in terms of “tax slabs and tax rates” in both direct and indirect taxes. In 2020, income tax regime in India saw major changes in terms of slabs, rates, and exemptions. Let’s understand in detail. In 2020, The Government of
Price floor and price ceiling are the price mechanism employed by government to safeguard the interests of producers and consumers. When government thinks that the prevailing prices of commodities that consumers buy and producers sell are unfair for both, it brings price control policies advised by economists. In markets, absolute equilibrium is rarely occuring phenomenon,
Only agriculture cannot sustain the bulk of country’s rural population. Then, why there is a sluggish pace in “structural change” in the Indian rural economy? When we know that value addition activities have ample potential to absorb surplus labour force, it would be a game changing move. So, let’s see the importance and challenges of
National income Or Gross Domestic Product (GDP) is a subject matter of macroeconomics. GDP is a widely used yardstick to judge the country’s pace of Economic growth and development In simple terms, National income Or Gross domestic product (GDP) is a measuring tools of country’s economic growth for a specific period of time. Definitely, GDP