Economy

Duopoly is a situation where the market for a specific product or service is largely split between two companies. Some common examples include Coca-Cola and Pepsi, Apple and Samsung (manufacturing), Visa and Mastercard, Boeing and Airbus, Apple and Microsoft (Desktop OS), and iOS and Android (Mobile OS). Duopoly may be unavoidable in specific sectors, but they can have a negative …

An impending challenge employees or workers may face in India, is the risk of inadequate pension arrangements after retirement from work. As a fallout, individuals may either be required to put severe curbs on their post-retiral expenses or continue working beyond the retirement age. Therefore, it is essential that one should take early and active steps towards planning, saving and …

Health Insurance is necessary for everyone. Nowadays more people are opting for medical insurance as the awareness about Health Insurance has increased. However, the knowledge about the benefits of Health Insurance is still not demystified completely. There are more things that Health Insurance covers than many people know. Here are some of the benefits of Health Insurance that many people …

Counterfeit money is a big problem in several countries, even when current generation currency notes have multiple security features. The US dollar faces the biggest threat, as it is accepted in most parts of the world. As per estimates, around $70 million counterfeit US dollars are in circulation. Real numbers could be even higher, as the estimates are based on …

Just like individuals and corporates, nations can also become bankrupt. It happens when a country does not have money to pay its debts or the interest applicable on its debts. Nations also issue foreign-currency-denominated bonds to international investors in order to get money. In case a country goes bankrupt, it will not be able to repay the value of the …

Depreciation lets companies recover an asset’s expense when it got bought. Without depreciation, an establishment’s financial statements might mislead stakeholders and potential investors. What it does is allows companies to reduce their net income and lower the initial tax liabilities. Now, what exactly is deprecation,and how does it get calculated? Allow this post to learn further about depreciation and its …

An international financial institution, World Bank primarily focuses on providing funds and grants to countries for executing capital projects. The financial assistance is provided to low- and middle-income countries. The World Bank comprises five institutions, which are IBRD (The International Bank for Reconstruction and Development), IDA (The International Development Association), IFC (The International Finance Corporation), MIGA (The Multilateral Investment Guarantee …

Global power centers keep changing, something that has been evidenced multiple times in our history books. It’s usually a chaotic process, as current ruling powers don’t want to give in so easily. When it comes to power and prominence, the rules of our seemingly civilized world are quite the same as that of the jungle. A shift of power is …

To a large extent, most Middle East countries are heavily dependent on oil. Think countries like Saudi Arabia, Oman, UAE, Bahrain, Qatar, Kuwait, etc. As oil and natural gas is a limited resource, it makes us wonder what will happen to Gulf countries when oil runs out. To better understand the future of Gulf nations, here are some important things …

With talks about emergence of new super economic powers such as China and even European Union, there have been reports that US dollar may be losing its grip in international trade. It has also been reported that specific countries have started diversifying their foreign exchange reserves instead of relying solely on US dollars. For example, Bank of Israel will be …