Ramadevi has a small crafts factory. She makes wooden dolls and sells them. It costs her 3 rs for the wood, and about 2 rs…
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Category: Economics
Understanding GDP, Primary, Secondary, and Tertiary Sectors
There is a village. The village has 3 farmers, 2 weavers, and one moneylender. In one year, the farmers grow crops worth 300 rupees. The…
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Ken-Betwa River linking project approved by Union Cabinet of India
On Wednesday, December 8, 2021, the union cabinet (India’s highest decision-making body comprising a group of central ministries led by the prime minister) approved the…
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Value of Pakistani Rupee, Turkish Lira, and Iran’s Rial plummets
Which currencies have been doing badly
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What are sanctions?
We have two children in the colony. Let’s call them Ami and Imi. One day, Ami and Imi have a fight over something. It could…
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40th India International Trade Fair to be Inaugurated Today
The India International Trade Fair is one of the largest trade fairs in South Asia. It is held every year from 14th-27th November at Pragati Maidan, Delhi.
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China’s energy crisis puts global economic recovery at risk
News report by Gunjan Sharma Beijing, Oct 5: What began last week as sporadic power outages and rationing has now escalated (grown) into China’s worst…
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Venezuela Introduces New Currency With 6 Lesser Zeros
The Venezuela government introduced a new currency with six fewer zeroes owing to the country’s ongoing inflation crisis which has now lasted years.
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Silicon Prices Soar All Time High
Silicon has become scarce resulting in stalled production of items ranging from car parts to computer chips. Owing to this scarcity, its price has gone up by 300%.
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UK Petrol Pumps Face Shortage
This might sound hard to believe, but is true. In the UK, many petrol pumps are running out of petrol for customers.
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