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The Hidden Costs of Industrial Pollution: How Industrial Pollution Is Ruining Public Health and Economic Growth?
The Hidden Costs of Industrial Pollution: How Industrial Pollution Is Ruining Public Health and Economic Growth? The role of industrial development is important for economic growth which ensures the rapid urbanization, technological advancements and improving the standards of living of people. However, sometimes excess industrilization generates huge cost which is associated with the unchecked industrial pollution…
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Why People Desire Bali’s Kingdom: King Bali’s Ultimate Sacrifice and the Essence of Generosity
In the rich tapestry of Hindu mythology, the tale of King Bali and the divine dwarf Vamana stands as a timeless allegory, exploring the profound themes of sacrifice, generosity, and the nature of power. Bali, a revered and righteous king, ruled over a prosperous and idyllic kingdom. Yet, it was not merely the material wealth…
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The role of Monetary Policy Frameworks and Sustainable Governance in shaping the Organizational Framework in 2050
– Pratik Ghansham Salvi Introduction – The global economic landscape is undergoing profound transformation which is driven by often interconnected challenges that are driven by monetary policy and organizational governance. As the contemporary global economic landscape is characterized by the intersections of economic policies, technological innovation, and sustainable governance are the critical factors for organizational…
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Declining Returns and the Limits of Partial Equilibrium: Piero Sraffa Perspective
The economic theory of perfect competition has long been a cornerstone of analysis in partial equilibrium frameworks. This approach isolates a single market or good, assuming perfect information, price-taking behavior by firms, and constant returns to scale. However, within this framework, a fundamental tension arises when considering the concept of declining returns. This article explores…
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Opportunity Costs: The crucial role in Economic decision making.
In economic analysis the concept of opportunity cost has been widely used. In our daily lives, we are constantly faced with choices. From deciding what to eat for breakfast to choosing a career path, each decision entails a trade-off. However, economists go beyond the immediate costs and benefits of an option, introducing the concept of…
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India’s Income and Wealth Gap : A Comparative Analysis of using the Berguson and Samuelson Social Welfare Function
India from last several years achieving rapid economic growth and remarkable progress in certain economic variables such as infrastructure, education, health, foreign Trade, etc. If we look at the Asia continent then after China, India is in the position of global economic superpower due to its vast influence in trade, industry, IT and Space sector…
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“The Potential Global Impact of Recessions in China, Japan, and Britain in 2024″
As the year 2024 unfolds, economic concerns cast a long shadow. Three economic powerhouses — China, Japan, and Britain — face the specter of recession. Individually, each nation’s economic struggles warrant attention. But collectively, the potential for a synchronized downturn raises a critical question: what are the global implications of a triple recession in 2024? This…
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“The Future of Money: How Cryptocurrency Impacts Finance and Development?”
The concept of “Money” is evolutionary, and it is very dynamic in nature. However, money was not used in the early history of humans. Exchanges were few since each family at ancient times is self-sufficient. Whatever exchanges were taking place in the form of barter, that is, exchange of goods for the other goods. However,…
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The Modern Prosperity Equation: When Public Health, Education, Happiness and Women’s Equality Add Up to the Economic Growth and Development
For generations, Gross Domestic Product (GDP) has reigned supreme as the sole yardstick of a nation’s success. Its ascent has been celebrated, worshipped even, as the inevitable path towards a bright future. But like a compass stuck on magnetic north, GDP has led us astray, failing to chart the true landscape of societal well-being. Its…
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“Lighting the Torch of Education: How Mahatma Jyotirao Phule and Savitribai Phule Illuminated India” (Emphasizes their educational contributions)
The role of Mahatma Jyotirao Phule and Savitribai Phule is very important in the Indian education sector. Every year on 3rd January we celebrate birth anniversary of the Savitribai Phule. She was Social Reformer, Educationist and first Women teacher in India. Along with her husband Mahatma Phule she opened first girl school in India in…
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Pratik Ghansham Salvi Assistant Professor of Economics | Banking & Finance | IMF Finance & Development Contributor 