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The Dynamic Firm in a Static World: How Nicholas Kaldor’s Pathbreaking Work Explains the Rise of Monopolies and Oligopolies?
The Dynamic Firm in a Static World: How Nicholas Kaldor’s Pathbreaking Work Explains the Rise of Monopolies and Oligopolies? The analysis of market structure is important because it gives us true picture of how price and output is determined. Basically there are two types of market forms — Perfect Competition and Imperfect Competition. Where Perfect Competition is…
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Is Hyperglobalization the New Enemy of Equal Economic Progress?
Is Hyperglobalization the New Enemy of Equal Economic Progress? The past few decades have witnessed an unprecedented level of interconnectedness between nations, driven by advancements in technology, communication, and trade. This phenomenon, often termed hyperglobalization, has brought undeniable benefits, facilitating the exchange of goods, ideas, and cultures on a global scale. However, concerns have emerged…
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The NVIDIA’s Rise as a Semiconductor Industry Giant: A Story of Innovation, Influence, and Inspiration
The emergence of AI based technologies enables to expand semiconductor industry. And among them, NVIDIA’s emrergence as a semiconductor industry tech giant has potential impacts and sometimes it is the best solution to remove China’s monopoly in the semiconductor industry. Moreover, NVIDIA’s rise enables other firms to innovate, inspire, and influence that how AI led…
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Will China’s Property Sector Crises push the World Economy in Deflation?
From last 2–3 decades China’s economic growth has been tremendous and thier position in the international trade is rising. China exported essential commodities such as rice, wheat, pulses to manufactured goods and raw materials to almost all the countries of the world. And due to this vast expansion China is in a position of trade…
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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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“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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Is Artificial Intelligence (AI) threat to Humanity?
In today’s rapidly changing and expanding world new technologies plays an important role. Especially if we are talking about recent developments such as Artificial Intelligence models is playing important roles in our day to day life. There is no doubt that AI will help us and our productivity can be increased with the help specific…
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Pratik Ghansham Salvi Assistant Professor of Economics | Banking & Finance | IMF Finance & Development Contributor 