Why you should think twice before buying a car!?

Featured

Imagine this! You just went to buy a car from a dealer. You got your specifications met and have just purchased it. You feel great while driving back. But suddenly, the car just stopped working. You get out to see what happened. To your dismay, you see there is a massive oil leak. You look around and see that the leakage area has rust written all over it. And now you feel bad. Well let me tell you, you just have become a victim of what we call in Economics, Adverse Selection.

Imagine the scenes when you buy a car!
Continue reading

A miracle in Vietnam!?

Featured

Imagine in a school there is a quiet kid who doesn’t participate much in group activities and is always minding his/ her business. But if someone decides to bully that person, then he/she would definitely stand up against the bully! That’s basically Vietnam! Vietnam has always been a country which has been described as a tourist paradise. From mountains to beaches, Vietnam has it all. But, what is the miracle? What has Vietnam experienced lately that has made the people to claim it to be the “Next Asian Miracle!”

I would really love to visit Vietnam someday! 🙂
Continue reading

Economics Behind- The Netflix Effect.

Featured

Imagine this, it’s a lazy Sunday evening and you just had a great dinner. Today, you have planned to watch the new Netflix series which you had postponed for quite some time. You also know that Monday is a holiday so, you decide to stay up all night and binge watch the show. By the time you have finished it, you got really curious about certain props that were used in the series and decided to buy some of that on Amazon. Well this is basically the Netflix effect. Ever thought, how does this affect our day to day consumption?

People have literally created the term “Netflix and Chill” due to the hype.
Continue reading

Economics Behind: Apple’s struggle in India.

Featured

I have a question for all my readers. What do you look out for while buying a new smartphone? I bet at least 50% of us will say that they look out for the price of a smartphone. This is especially prevalent in the Indian market which ranks on the higher side of price sensitivity. There is no doubt that India’s economy is one of the fastest-growing in the world. But, with a potential of 1.3 billion consumers, why is Apple struggling in India?

Cool right, I wish I was good at photography like that!!
Continue reading

Why is Diwali so important to India’s economy?

Featured

Think about this: you are walking down a street in a market. All you see are big banners with “SALE” written and on both sides a huge pool of people rushing towards those banners. That’s pretty much the scene before Diwali in India. You see, Diwali is a big deal for us. It not only has a huge impact on the social and cultural environment of the country but it impacts the economy as well.
This was clicked last year. 🙂
Continue reading