Tags » Economics

The Birth of the Price Tag

For centuries buying something meant haggling, negotiating with shopkeepers to get a lower price. As a result, the same goods cost different people different prices. In the mid-19th century, U.S. 79 more words


Govt., RBI call truce after a marathon board meeting

The news

• The tension between the government and the Reserve Bank of India appeared to have defused for the time being at the end of an over nine-hour board meeting. 1,080 more words

Prelims Cum Mains

Balance of Payments Adjustments Global economics

Before 1970, many countries were on the gold standard. Since then, floating exchange regimes have dominated the global economy. Select a country that now has a floating or a pegged exchange rate. 146 more words

Academic Writing

SC to direct States on draft witness protection scheme

The News

  • As per the Supreme Court, all states would be directed to implement the draft witness protection scheme framed by the Centre in consultation with the National Legal Services Authority (NALSA).
  • 518 more words
Prelims Cum Mains

Gender pay gap and transparency

Es wird oft vermutet, dass mehr Transparenz hier Abhilfe schaffen könnte: Wenn alle wüssten, was alle verdienen – dann wären diese Unterschiede nicht länger haltbar. Die zu kurz Gekommenen würden protestieren, mehr fordern und so für mehr Gleichheit und Gerechtigkeit sorgen.

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Economics Multiple Choice Question - 20 November 2018

Which of the following is NOT an assumption of perfect competition?

Select ONE answer:

  1. each firm sells an identical product
  2. many buyers
  3. many firms
  4. restricted entry into the industry…
  5. 38 more words