Economy

Analyzing Giffen & Veblen Goods

In the bustling markets of India, not all economic principles follow the straightforward paths laid out in textbooks. Some consumer behaviors defy basic laws of demand and supply, presenting unique challenges and opportunities for the common man. Today, we’ll explore two intriguing economic anomalies: Giffen Goods and Veblen Goods. These concepts may sound academic, but …

India’s Trade Balance: Daily Impact

The Balance of Trade (BoT) is an economic concept that represents the difference between the value of a country’s exports and imports. For a vibrant economy like India, understanding the BoT is not just for economists or business moguls; it’s crucial for everyone. This blog demystifies how India’s trade balance affects the nation and, more …