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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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Pratik Ghansham Salvi Assistant Professor of Economics | Banking & Finance | IMF Finance & Development Contributor 