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The nation of Indonesia has decided to shift its capital territory from Jakarta to a new site located in East Kalimantan province. What has happened? Indonesia is one of the world’s most populous countries and while home to several islands, its capital is located at Jakarta. Over, half of the country?s nearly 270 million people ..
It is no surprise that the global economy is about to enter a recession. The economic woes are also high for Indian Economy which is currently going through its worst phase of growth. However, the economy can be stimulated via several methods. What are these methods? To stimulate the economy, the government can either cut ..
India has been ranked 103rd out of 130 nations at the 2017 Global Human Capital Index (GHCI). The list compiled by Geneva-based World Economic Forum (WEF) takes into account ‘the knowledge and skills people possess that enable them to create value in the global economic system” to measure the ‘human capital’ rank of a country. ..
India ranked 6th on Inclusive Wealth Index (IWI) per capita that listed top 20 selected countries on the basis economic performance assessed between 1990 and 2008. The focus on this new measure gained attention in Rio+20 as it emphasized on the “Green Economy”. As per the IWI report:- 4.3 % per year GDP per capita ..
1. Adam smith is considered as father of Modern Economics. In his book “The nature & causes of wealth of the Nation’s 1776, he has described economics as science of wealth. According to him economy is the study of wealth only and it deals with its production and consumption. Only material goods which are scarce ..