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Category: Economics

  • ECONOMICS IN EVERYDAY LIFE: BEYOND THE BOOKS

    When the word ‘Economics’ is thought about, what generally comes in mind is GDP, production, unemployment, central bank and government’s measures to sustain or support the economy. A common misconception is that economics is applied only at the macro level, that is to say, the economy of nations, the world economy and by corporate firms…

  • Amartya Sen: Biography and Contributions [Capability Approach]

    In this article, I’ll be exploring the life of the famous economist and philosopher Amartya Sen. I will be tracing his life through his publications and teaching career. His work on famines, the capability approach and choice of technique has been looked at in brief. His opinion on politics, in general, has also been noted down, to…

  • Difference between Formal and Informal Organizations

    This article highlights the key differences between formal and informal organizations with simple examples In order to understand the difference between formal and informal organizations one first needs to know what an organization is. Firstly, an organization is made up of a group of people who are working together to achieve certain goals. These organizations…

  • What is Green Economy? Here’s a Simple Explanation

    A green economy is defined as low carbon, resource-efficient and socially inclusive economy which aims at reducing environmental risks, managing ecological scarcities and aims for sustainable development without harming the environment. Basically, a green economy is driven by the desire to achieve growth in employment and income through investment which ensures that the infrastructure and…

  • What is Development Studies? Everything You Need to Know Here

    Development studies (DS) is an important field of study for anyone looking forward to working in the social sector. It encompasses a political, social, economic and technological outlook to issues faced by developing countries. This article covers the history of the field followed by a few theories of development. Further, it discusses multiple disciplines within…

  • Types of Leadership Styles (With Examples) and Qualities of a leader

    Read this article to learn about Leadership Types and Qualities of a leader A good leader is very imperative for any team. The world has had its fair share of some great leaders including Nelson Mandela, Mahatma Gandhi, Abraham Lincoln, Che Guevara, Margaret Thatcher, and many more. However, we must note that none of them…

  • What is Sustainable Energy? and Sustainable Forms of Energy

    The concept of sustainable energy, which is also sometimes referred to as ’alternate energy’ comes under the wider concept of sustainable development which includes four major interconnected domains such as Ecology, Economics, Politics and Culture. As we know, our planet is witnessing a huge increase in the population every year. With the increase in the…