Process of promoting and selling products or services to customers. It involves various activities aimed at understanding customer needs and wants, developing products or services to meet those needs, determining the right pr…
Read moreSkewflation is a term that refers to a combination of two economic phenomena: inflation and skewness. 1. Inflation: Inflation is the general increase in prices of goods and services in an economy over time. It erodes the purchasi…
Read moreInflation targeting is a monetary policy framework adopted by central banks to manage and stabilize inflation levels within a specific target range. The primary objective of inflation targeting is to maintain price stability w…
Read moreStagflation is an economic term that refers to a situation characterized by a combination of stagnant economic growth, high unemployment rates, and high inflation. It is considered an undesirable and challenging economic condi…
Read more>Inflation accounting is a specialized accounting method used to adjust financial statements for the effects of inflation. It aims to provide a more accurate representation of the financial performance and position of a co…
Read moreAn inflation spiral, also known as a wage-price spiral or wage-price spiral, is a self-reinforcing cycle of increasing prices and wages that can lead to rapid and accelerating inflation. The spiral typically begins with an inc…
Read moreinflation tax The term "inflation tax" is a metaphorical concept used to describe the impact of inflation on the purchasing power of money and individuals' wealth. It refers to the notion that inflation can erod…
Read moreRecession Explained A recession refers to a significant decline in economic activity that lasts for an extended period. It is characterized by a contraction in the gross domestic product (GDP), high unemployment rates, reduce…
Read moreThe Reserve Bank of India (RBI) on May 19 decided to withdraw ₹2,000 denomination banknotes from circulation in pursuance of its “Clean Note Policy”. However the ₹2,000 notes will continue to be legal tender. A similar withdr…
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