3 ways by which the Russia-Ukraine war will affect your spending!

Just before I write anything, I want to say that I am devastated to see what’s happening right now in Ukraine. I can only hope that the war ends soon and the situation gets better. Now, onto the article. Historically, we have seen that any kind of war had bad after-effects on the consumers like you and me. After the 2nd World War, there was a lot of crisis happening all across the world. For example, the German economy was broken into 2 and UK’s economy went into a bad recession. It took quite some time for these countries to get back to normality. We can only hope the war ends soon.

Most of us are like this!

Why you should think twice before buying a car!?

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!

Diversity in population! A gift or a curse for business?

We all know that India is a nation with a huge diversity in population. People in India have various kinds of culture. Diversity has played a major role in shaping the business in India. On one side, it has made huge sums of profit for a company and on other side it has made a company incur losses too. So now the question arises that- does diversity in population affect a business a lot?