ECONOMICA

The Aging Population Crisis in the Land of Rising Sun. The world population reached 8 billion in November 2022, causing global economic and environmental concerns. While a declining birth rate might seem to be the solution, the inverted age structure (the elderly outnumber the youths) may have negative consequences. Questions arise regarding taxation, healthcare, caregiving, and retirement options for the elderly population in an aging world. The growing elderly population poses an economic challenge to several countries around the globe, especially Japan. The Japanese population is graying, with over 1 in 10 people aged 80 and above, and nearly 30% of its population is over 65. With ever-shrinking population growth, can this island nation manage the aging population dilemma to save its future workforce? Causes for the demographic shift. The demographic shift and the persistent shrinkage in population can be attributed to plummeting birth rates and rising life expectancy. Japan has one

Apple vs Samsung: An endless saga of tech rivalry Introduction: You might have often come across the classic internet controversy “Which is better? Samsung or Apple’’. The intense rivalry between the world’s leading smartphone companies Apple and Samsung is quite evident, with both the companies competing for the dominance in the market. The sheer competition between the two brands has proven to be a catalyst to innovation in technology and marketing strategies over the years. Who really takes the throne? The answer to this remains unknown. This blog post aims to explore the competition between Apple Inc. and Samsung in the smartphone industry. How it all began It all dates back to 2007 when Apple launched its first smartphone device, the original iPhone, creating a stir in the market. It was not until 2009 when Samsung entered this market unveiling its own smartphone ‘Samsung GT-I7500 Galaxy’. Although multiple firms introduced their own smartphone devices, Apple and Samsung contin

Back in the days the main medium of exchange was the barter system; exchanging one good for another. But that was not full proof, what if one of the goods is more valuable than another? Will it be rational to exchange an entire goat for a bowl of rice? The answer is no. So then what is the a rational mean of exchange without depreciating the value of a good? Money. In 600BCE, Lydia's King Alyattes minted what is believed to be the first official currency, the Lydian stater. A medium of exchange that is centralized, generally accepted, recognized, and facilitates transactions of goods and services, is known as money. Money is a store of value, unit of account and medium of exchange. Money differs from country to country and government to government. It plays a crucial role in an economy. Most of the functions of an economy are carried out through transaction of money, whether it is to supply goods and services to various sectors such as the defense, etc. or to make welfare payments

The Impact of Inflation on Finances Inflation is a term that we often hear in the context of economics, but what exactly does it mean, and  how does it affect our personal finances?  In this blog post, we'll dive into the world of inflation and  explore its significant impact on your money. Understanding Inflation Inflation refers to the general increase in the prices of goods and services over time, resulting in a  decrease in the purchasing power of your money. In simpler terms, as inflation rises, each dollar you  own buys a smaller quantity of goods and services. It's like a silent, slow erosion of your wealth. Inflation is typically expressed as an annual percentage increase, and central banks, like the Federal  Reserve in the United States, often target a specific inflation rate to maintain economic stability. A  moderate level of inflation is generally considered healthy for an economy because it encourages  spending and investment. However, when inflation becomes too hi

Abstract: This research aims to assess the impact of digital transformation on the Indian financial services industry. The rapid advancement of digital technologies has revolutionised various aspects of financial services, including banking, payments, lending, insurance, and wealth management. This study explores the key drivers of digital transformation in the Indian context, identifies the challenges and opportunities associated with this transformation, and evaluates its effects on industry stakeholders, consumers, and the overall financial ecosystem. The research employs quantitative analysis of industry data to gain a comprehensive understanding of the topic. The findings will contribute to the existing literature on digital transformation in the financial sector and provide insights for policymakers, industry players, and consumers to navigate the evolving landscape. Introduction: Digital transformation has become a pervasive force in shaping various industries worldwide, and

With the recently concluded G20 Summit in New Delhi & India being at the helm of the 2023 G20 Presidency has really piqued interest of this inter-governmental grouping of nations among the masses not only just in the cities where the G20 meetings were hosted but across India right from the smallest villages to the biggest cities. A series of questions regarding G20 , its members , its work and its importance as well as influence in the global arena are being constantly asked by everyone right from an eight year old schoolkid to an eighty year old pensioner. Let’s find it out in today’s blog. What is G20? G20 or Group of 20 is an intergovernmental socio-economic & political forum compromising of 19 countries along with 2 regional blocs namely the European Union & African Union (AU beingincluded as a member at 2023 New Delhi Summit). The main aim of G20 is strengthen global economic and political co-operation , shaping global governance policies on all major economic issues a

COLONIAL ECONOMY:- The colonial economy was characterized by an abundance of land and natural resources an a severe scarcity of labour. This was the opposite of europe and attracted immigrants despite the High death rate caused by New World diseases from 1700 to 1774, the output of the thirteen colonies increased 12-fold giving the colonies an economy about 30% the size of Britain's at the time of independence. European nations clearly understood that the expanding population, growing economy & increasing trade with north America made it territory worth contesting as they sought to expand profits from their overseas colonies Colonial population expanded rapidly after 1700, through increased immigration and natural growth likewise,both export and import boomed. Trade was greatest with Europe note that figures for Africa, the Carribean, and other parts of America include the growing slave trade. Data taken from "The Economy of British America,1607-1789&qu

The 2022 FIFA World Cup, which was held in Qatar, concluded on 18th of December with Argentina being crowned as the champions of the event. The tournament took place in the span of 29 days with 64 matches being played in eight venues across five cities. This edition of the competition is the most expensive one till date with a budget exceeding $200 billion. According to FIFA, the organization earned an unprecedented $7.5 billion in revenue from commercial deals tied to this year’s World Cup. An increase in the total prize pool was also observed for this edition. The total prize pool for this edition of the World Cup was a whopping $440 million, which is greater than the prize pool of the previous edition by $40 million. FIFA had announced the prizes for all participating nations back in April 2022. The champions, Argentina received an astounding $42 million for their triumphant win over France, who received $30 million as the runners-up. Croatia and Morocco each received $27 million a