Who says economics is only theory? Know all about simple applications of economics in your daily life that will make you pro at your day to day household or business decisions.
The price of ABC rose from Rs. 10 to Rs. 50… and you start buying 3 times more! Sounds weird? Welcome to the exception to the law of demand, an economics concept called Giffen Goods! This one concept has always left me bamboozled… because this concept talks about staple foods like rice and potatoes! Why […]
The Curious Mystery of Giffen Goods! Do They Exist in the Real World? Read More »
Green is the new GOLD! Right from the ‘green’ number plates of EV cars and bikes to the everyday headlines about new businesses focused on building eco-friendly solutions, the economy is heading towards a green zone. About time too, right? Vanishing forests, extreme pollution, bad quality of life, a combo no one wants is slowly
Green Economy, From AI to New Startups to GDP: How it All Forms a Chain! Read More »
Love gold? Who doesn’t? But the gold prices are soon going to need a ‘Guinness World Record Book’ of their own! Every single day the rising gold prices is one news headline in world’s every newspaper, and why not? In the 1970s, the gold prices used to be just Rs. 185 per 10 grams for
Why is the Gold Price Increasing? Is Gold the New Diamond? Read More »
Wow! A large packet of chips! Perfect! But once you open it? 80% air and 20% chips… where did the chips vanish? Well, surprise surprise this could be because of an economic concept! One packet of potato chips used to be just enough to last one ODI cricket world cup match a few years ago.
The Hidden Inflation, Shrinkflation: The Quantity Version of Inflation! Read More »
Whether it’s Instagram or even Wimbledon appearances, wherever you look, one thing is common, the Labubu craze! The combo of an ‘ugly-cute’ plush toy has made the majority of people either a huge fan or someone totally intrigued by the idea of owning a Labubu. The pointed ears, huge eyes and not to forget the
Why Is Everyone Buying LABUBU Like Crazy? A View From The Economics Microscope! Read More »
Salary credited! Yay…. Next SMS, EMI debited…. Sigh! The burden of loan EMIs always ruffles the feathers of every budget you create. Taking a loan from a bank takes a few minutes but the looming monthly EMIs makes it no fun (You must have read the ongoing debate on how sometimes even Rs. 1 crore
Business is all about profit and loss, that’s it. Are you sure? Well, it’s definitely a huge part of any business world but behind both of them, there is a backstory too. Not every loss is limited to balance sheets! Losses in a business could arise from wrong decision making. One such loss that could
Types of Sunk Costs in Business… How Does Sunk Cost Fallacy Apply Here? Read More »
Laws are a part of life and majorly they bring discipline! But when it comes to studying them, it almost feels like a googly (cricket vibes!). When I first read about ‘Law of returns’ in my Economics class at school, I loved it! Partially, it was because it involved a lot of numbers and calculations
Ever came across a situation where you knew there’s no future but still you kept putting in your time and efforts? Sounds so foolish! But more often than not we all have committed this error in judgement, simply because we felt it was too late to redo the decision! All credit behind this goes to
Sunk Cost Fallacy: A Theory That Applies to Business and Relationships Too! Read More »
One thing we all want to ace? Time management! Time just vanishes so quickly, you blink an eye and already the next day starts. But what is time management? Just like you invest money you invest time too and when you invest time on a task that will yield max benefit relative to it, you
Looking For Time Management Tips? Opportunity Cost Theory is the Answer! Read More »
