economy
Economy and the area of production, distribution, trade, and consumption of goods and services.
Why Does The Common Person Feel So Screwed In India?
Why does the person on the street feel so screwed? The GDP (Gross Domestic Product), a measure of the economic growth of a nation is soaring and the equity markets continue their “dizzying” climb to more and more highs. Moreover, India is supposed to become a 5 Trillion Dollar Economy pretty soon and this euphoric feeling of taking a “place on the global high table” should be cause enough for celebrations and cheer all round. However, despite these “stellar” accomplishments, the lives of the poor and the less privileged continue to languish, with fantasy gazing at the glitzy lives of the rich and the famous substituting for the missing happiness and joy in their lives. While it is commonsense that high economic growth would invariably lead to higher incomes for all in the long run, the present situation in India resembles the Victorian Gilded Age, with the gains going to the Top 10% or worse, the Top 1%, leaving the rest in the doldrums. As the graph below shows, India is among the most unequal countries with the share of the total income showing wide divergence between the rich and the rest. Worse, the pandemic has made matters even more dire for the Indian middle class and the poor, as the bulk of the Millions of jobs lost have been from these classes.
By Rammohan Susarla4 years ago in Journal
The US recovery from COVID was a remarkable one
There are differences in the pace of recovery from COVID shocks among major advanced economies. According to the US trade data, contrary to Japan and Europe, the U.S. GDP surpassed its pre-COVID level during the third quarter of 2021. It may return to its pre-crisis trend by the fourth quarter. The pace of recovery in Europe during the second and third quarters was still quite rapid; the U.S. GDP gap with Europe has narrowed. The U.S. is notable in two aspects:
By Import Key4 years ago in Journal
The Gaslighting of American Corporate Capitalism
I started a fight on TikTok. Not intentionally. I never expected to take off the way it did. A little background, first: a common practice on TikTok is to use one another’s “sounds” (music, vocalizations, etc.) and either lip-sync to them or have them playing while you’re doing something else (timelapse videos of art is a popular example of “something else”). So that’s where this whole debacle started.
By D. Gabrielle Jensen4 years ago in Journal
8 Ways to Choose The Best Payment Gateway In India
Looking at the growing number of online opportunities in our nation, it is evident that payment gateways are an essential component of the online economy. Choosing the finest Online Payment Gateway in India is one of the most essential things you must do when developing a strategy for your online business. Read on to learn about the factors to consider while selecting the finest payment gateway in India:
By Amit Kumar4 years ago in Journal
Gaurav Bhatia sheds light on the key factors responsible for enhancing the luxury experience
Luxury brands are often regarded as an extravagant experience in the minds of customers. According to the survey carried out by ProdegeMR, approximately 64 per cent of respondents advocate for luxury experience on the ground that these goods are of better quality. Experiences have always been intrinsic to luxury. Brands dealing in luxury are all about lavish and elite feelings. To create a loyal customer base, understanding their yearnings is crucial. Gaurav Bhatia, the Ex MD of Sotheby’s, sheds light on the prospects to enhance the experience of luxury customers.
By Tarfs Photobin4 years ago in Journal
First Thing You Know, Old Jed's a Millionaire . . .
As I understand it, approximately 70% of the oil consumed in Canada is used to fuel the country’s transportation needs and, the majority of that 70%, facilitates transportation east of the Great Lakes and west of the Rocky Mountains. Presently, the pipeline infrastructure supplying the West Coast, Eastern Canada and the Maritimes is either lacking in some respect or non-existent. If one looks at domestic production and consumption statistics only, it certainly appears that Canada could theoretically meet its own demands for oil and gas. However, the true cost in dollars, for nation-wide distribution of domestic oil through a network of yet-to-be-built pipelines, fleets of tanker trucks plus the resultant highway maintenance, or for upgrading rail service, would be so astronomical, that the true north, once strong and free, would be taxed into a pandemonium of poverty in efforts to support such a venture, considering Canada’s present system of outdated infrastructure.
By John Oliver Smith4 years ago in Journal
Why Retailers Are Smart in Camouflaging Today's Supply Chain Crisis
Introduction Nothing in the retail environment is random. When it comes to big box stores, grocery stores, pharmacies, etc., major chains arrange their stores in very purposeful ways. The goal, of course, is simple: To have you buy more! Decades of solid research into consumer behavior informs how most retailers - outside of your small “Mom and Pop” stores and boutiques - are laid out. Major retailers spend many millions of dollars annually to better understand how shoppers shop, and they use that knowledge to organize their stores in an optimal fashion. The overarching goal of all of this work in merchandising is not to make your shopping trip faster and easier. Rather, what they want you to do is spend more time in their stores, as the longer you linger, the more you will spend! And specifically, they want to focus your attention on certain items, which naturally have the fastest turnover, and quite often, the highest profit margins! All of this is very deliberate, very strategic...and it works!
By David Wyld4 years ago in Journal
Why Investing in Training and Development Still Makes Sense in the Age of “The Great Resignation”
Wow! It is one tough time to be in charge of people in any organization today! Each and every day on your drive into work, one cannot help but see the signs of the times, as they are everywhere! Seemingly every business, small and large alike, not only has a simple “Help Wanted” sign out front. Today, those signs seem to be trying to “one up” one another, as all of these firms - from fast food restaurants to retailers to warehouses and distribution centers to manufacturers and every category of business in between - are engaged in a desperate struggle to attract new workers. Companies are touting starting pay of $10…$12…$15…$20 an hour for jobs that just a year or so ago paid nothing close to those levels. Firms are adding incentives beyond higher hourly pay, throwing in signing bonuses in the hundreds, and sometimes thousands of dollars! They are advertising that they will give new hires vacations, tuition reimbursement, and more!
By David Wyld4 years ago in Journal
What To Expect On The Digital Payments Front In 2021
Rowing across the turbulent seas of 2020, the Indian online payment gateway sector discovered innovative methods to deal with the pandemic's unforeseen twists and turns. As the epidemic confined Indians to their homes, limiting them access to key services, technology played a critical role in ensuring a smooth transition.
By Amit Kumar4 years ago in Journal
Will We All Need A Side Gig As The Price Of Everything Continues To Climb And Supplies Of Everything Continue To Dwindle?
Gas Prices Skyrocketing Nationwide As prices for a gallon of gas reach all-time highs, they did in one of the nation’s major cities, one such area just recorded the highest average price for a gallon of gas ever recorded in American history. The average price of gas in the San Francisco metro area reached an all-time high of $4.75 a gallon. This broke the previous record set in 2012 according to GasBuddy.com. Does anyone remember what gas prices were just a year ago?
By Jason Ray Morton 4 years ago in Journal
Effects of Covid-19 on Digital Payments
The pandemic has accelerated the world's transition to digital payments by the best payment gateway in India. Payment mechanisms have proven to be dependable and solid, and they continue to provide everyone with a high degree of certainty. Regardless, the dissolution of companies and the lockdown also resulted in smaller trade volumes overall. To aid in the recovery and rapid transition of this payment environment to digital, as well as to mold the post-computerized payment strategies used in the pandemic situation.
By Amit Kumar4 years ago in Journal
