Neel Writes This Blog

Understanding economics is a great deal for the students. And for the students of economics, its the best subject to remain in the theories and graphs. Whether its micro economics or macro economics, its always carries vales to understand and examine subjects. The price phenomenon is applicable everywhere and in all sort of markets. The students of economics do study the principles affecting the price in the market, like the demand and supply side factors. They do lot of experiments on these set principles to justify their theories, comparing their values and effect on various market conditions or simply testing price mechanism. For a lay man, the theories may sound redundant but, they do also know something about the price mechanism, which is one of the interesting topic in the micro economics. Since they are consumer, their behaviors has been reflected in micro economics. And new theories might have some more interesting themes about price mechanism and consumer behavior. ...

Money is an instrument that can be used for the good or for the bad of the people; it depends on the people who are using it, and for what they are using it. Now a days we hear lot of this stuff that money is bad, and most of us tend to think that, money degenerates people, and those who are wealthy are bad and have no ethical or moral values. But the fact is entirely different. Not all those who have money are bad, or have earned it by bad means, and not everyone who has no money is ethically or morally right. As long as we allow money to be our servant it can do wonders to you and to others, it leads to development and progress of the individuals in many ways. But if we become its slave then it takes us for a ride. If we can associate aright cause for earning and accumulating money then there is no harm in accumulating money or earning it. Your aim should be to earn ethically and morally what you need to fulfill the needs of yourself and of those dependent on you. And the rest of ...

In a country like India, public sector has a larger role to play in the development of the country. When the public sector is transparent in its way of discharging duties and the people working in the public sector feel that they are the servants of the public, and have a feeling of serving them in the form of their duty. Country will progress and development will take place at a rapid pace. At present what we are seeing and experiencing is corrupt public sector not the system but because of the people who are working in the sector the public sector has become so. There are many departments and fields that are working in the public sector with the primary aim of development and progress. But even after so many years of freedom we are not able to become that which we should have, by now because of lack of sincerity and commitment from the people who are working in the public sector. The feeling of our country our people, and we are answerable to the public and we are here to serve ...

Every moment of our life we knowingly or unknowingly involve in decision making. Either for ourselves or for the ones we are concerned about. Decision making is a very important aspect of every one’s life. When decisions are to be made, there are so many aspects that need to be considered. There are some kinds of decisions that are made on a yes or no basis, should I do this or should not. This involves contemplation, and a bit of struggle. For example the ones involving Morals, should I drink alcohol or should I not. ? What if I consume alcohol? These decisions need to be made by assessing the pros and cons, what if I do, or what if I don’t? What will be the end result where will it lead me to? Then there are other kinds of decisions, where in you have lots of alternatives and choices. Do I need to buy a t. v or a mobile now, do I need it that badly, or do I have a necessity? Then once you come to a conclusion as to you need it or not. Once you make a decisio...

The question about the money sounds simple, but too difficult to have a best fit answer. In economic terms money the thing having value of general acceptability. It has value of exchange; you can purchase goods and services using the money. In the world, it is the most precious thing after all valuable to goods and services. Money is the best tool to measure the value of the things available in the market. It also completes the definition applicable for rich and poor. In economics, the marginal utility of money defines the value of the money for the person of different status and class. Being the best medium of exchange for trade, money is everything. The value of a diamond is nothing if it is not measured with the value its costs against money. Evaluation of money shows that the concept of money has been changed with the changes in the society and needs. From the form of animals as money to bullion money, and later on it reached stage of paper money or popularly known as currency. ...