by Team Spectrum Books | Jul 8, 2022 | Economy
—By Charu Latha According to the Oxford English Dictionary, a gig economy is a labour market characterised by the prevalence of short-term contracts or freelance work or payment-by-task basis as opposed to permanent jobs. In a gig economy, organisations and business...
by Team Spectrum Books | Jun 28, 2022 | Economy
—By Charu Latha The World Trade Organization (WTO) is an international organisation dealing with the rules of trade between nations. It was established in 1995 as a result of the Uruguay Round negotiations, (1986–94), and consists of 164 member-countries. These 164...
by Team Spectrum Books | Jun 21, 2022 | Economy
—By Charu Latha According to Investopedia, a free trade agreement (FTA) is a pact between two or more countries to reduce barriers to imports and exports between them. Under a free trade policy, goods and services can be bought and sold across international borders...
by Team Spectrum Books | Jun 20, 2022 | Economy
—By Charu Latha The world economy had the worst contraction due to COVID-19. India was no exception and the economy in 2020–21 was severely impacted due to the pandemic. The economy was expected to take a V-shaped recovery path (a quick sharp improvement in an economy...
by Team Spectrum Books | Jun 14, 2022 | Economy
—by Charu Latha Wheat is one of the most important cereal crop in India. The total area under the crop at present (2021) is 31.6 million hectares. The productivity of wheat during 2004–05 was 2602 kilograms (kg) per hectare, while during 2011–12 it was 3140 kg per...
by Team Spectrum Books | Jun 9, 2022 | Economy
—By Charu Latha By definition, inflation is the rate of increase in prices over a given period. Inflation generally represents how much more expensive a good or service has become or how much more a person has to spend on a set of goods or services in a year. It leads...
