Economics

Employment is a contractual agreement between two parties, where an employee’s services are hired for a predetermined payment. All sectors, whether public / private or profit / non-profit, need to employ people from the domestic or international markets. The level...

Employment laws comprise of a comprehensive collection of laws, verdicts and precedents that serve to establish the rights, duties and restrictions of employees and employers. These laws can apply to a tripartite consisting of the employee, employer and trade union....

Working population refers to the number of people who are willing and eligible to work. Those who are above 15 years of age and willing to work are considered in this bracket. Retirement age differs from one country to another...

Employment security is a measure of the stability of employment conditions in the marketplace, and clearly is desirable for workers in that country. The longer the average working tenure is, and the lower the indicts of layoffs or redundancies are,...

  Inflation is a situation when worth of money decreases. It is caused by excess of money supply in a particular economy. Whenever, money supply exceeds the demand for money, inflation results. In simple terms, inflation corresponds to reduced purchasing...

The persistent rise in world agricultural prices, which is a major contributing factor in inflation, is known as Agflation.The period 1974-2005 witnessed a continual fall in agricultural prices. World food prices have risen by 75%. Agricultural production is subject to...

Climate change describes a long term variation in the climatic conditions not excluding precipitation and average temperature. Natural internal processes may result in climate change. It may be the outcome of external influences. Consistent anthropogenic variations in atmospheric compositions and...

According to World Economic Forum President Robert Zoellick, hunger and nutrition are “the forgotten Millennium Development Goals”.  According to World Economic Forum President Robert Zoellick, hunger and nutrition are “the forgotten Millennium Development Goals”. The most recent threat to the global economy is the rising...

  In this paper we will focus on the past demand and supply of food gains and then move onto the forecasted demand and supply of food grains. Past Trend In The Demand And Supply Of Food Grains The population...

  Inequality in the parlance of Economics is generally understood as a lack of parity in the entitlement to resources and income among all economic agents. Economic inequality is seen to exist in the developed and developing nations, across different...

  Opening up of economy or trade liberalization can help to reduce food prices. In the words of the World Bank President, Robert B. Zoellick, “A fairer and more open trading system would encourage the developing country farmers to expand...

The problem of poverty has crippled the world economic development from time to time. Poverty is visible in all the corners of the world; though, its severity varies. It is more prominent in the developing and less developed economies, while;...

The modern day global economy is a highly interconnected one. With the increased connectivity the challenges before the global economy has achieved an altogether new dimension. On one hand is the positive impact of instant access to the global information...

International organizations provide a common platform wherein representatives from different parts of the world can discuss and evolve solutions for contemporary issues. In common parlance, it is well known as intergovernmental organizations. The World trade Organization, European Union and Council...

The economic environment is an amalgamation of various economic factors, such as total employment, productivity, income, wealth, inflation and interest rates. These factors influence the spending patterns of individuals and firms.Components of the Economic EnvironmentThe economic environment comprises of:Income and...