Welcome to the blog! This is the place where you can learn all you need to know about marketing, economics, investments, cryptocurrencies, and trading. We’ll start by explaining what purchasing power parity GDP is and how it’s calculated. We’ll then go on to discuss different ways to compare nations’ PPPs, followed by a discussion of […]
Moral Suasion
Definition: A moral suasion is an influential approach through which the central bank appeals, advise, pressurize and convince the commercial banks from acting or refraining to act in a certain demeanour. It is often mistaken as a legal action however, it is just a persuasive move whereby general interaction is carried out. Being a combination […]
Demand-Pull Inflation
Definition: Demand-pull inflation is that form of inflation where an upsurge in consumer demand outperforms the supply of goods within the country. When the supply of the goods falls short to accommodate this outpaced demand, the cost of living upsurges, resulting in inflation. Demand-pull inflation affects the country on a macro-level by increasing the consumers’ […]
Ishikawa (Fishbone or Cause and Effect) Diagram
Definition: An Ishikawa diagram is the pictorial representation depicting the factors responsible for a certain problem in such a manner that the root cause is identified. It is a problem-solving approach which focuses on uncovering the effect of various factors over a particular issue. This visual tool was brought to limelight by a Japanese engineer […]
Paradox of Value
Definition: Paradox of value is a puzzle raised by Adam Smith who was one of the great economists in 1700s. Diamond-Water Paradox is defined as the difference between the value in use and the exchange value of any product. Smith questioned the enigma of a diamond being less useful than water, still, it has a […]