Purchasing Power Parity (PPP) serves as a method to gauge the relative purchasing power of various currencies. It involves comparing the prices of a standard basket of goods and services in different countries. PPP finds its utility in assessing and…
Tobin tax is basically a tax that is levied on the short term currency transactions in order to discourage the volatility and speculation. It’s like a small fee proposed for certain financial transactions, especially those involving different currencies. A tool…
The Laffer Curve is a theory to show the relationship between tax rates and the amount of tax revenue collected by governments. A Brief Explanation A curve named after economist Arthur Laffer, which reveals a fascinating principle about taxes. When…
A liquidity trap is when expansionary monetary policy (increase in money supply) does not increase the interest rate or income and hence does not stimulate economic growth. A Simple Explanation with Example. Picture a scenario called a “liquidity trap.” It’s…
Lorenz curve A Lorenz curve is a graphical representation of income inequality or wealth inequality Brief Explanation Imagine the Lorenz curve as a visual snapshot of how money or assets are spread out among the people in a community. Max…
By the definition of the United Nations Population Fund (UNFPA), Demographic dividend refers to the advantageous economic situation that arises from having a favourable demographic composition within a population. This occurs when there is a higher proportion of individuals in the working-age…
A gig economy is a labour market that heavily relies on temporary and part-time job positions, which are often filled by independent contractors and freelancers rather than traditional full-time permanent employees. In the gig economy, workers do enjoy a certain…
The metaverse represents an evolving digital realm with 3-D capabilities, harnessing technologies like virtual reality, augmented reality, and advanced internet and semiconductor tech. This innovative space enables individuals to engage in personally and professionally immersive online experiences. A year and…
GDPR – General Data Protection Regulation GDPR, short for the General Data Protection Regulation, is a legal framework that establishes rules and principles governing the collection and handling of personal information belonging to individuals within the European Union (EU). Although…
Honour killing refers to taking someone’s life, whether a man or a woman, because they have chosen their path in marriage. In such cases, the family’s reputation and status often precede the love and affection they should have for their…