The National Bureau of Economic Research (NBER) defines a recession as “a significant decline in activity spread across the economy, lasting more than a few months, visible in industrial production, employment, real income, and wholesale-retail trade.” A recession is also believed to be signalled when businesses cease to expand, the […]
Human capital refers to stock of ‘skill and expertise’ embodied in humans. Human capital is as important as physical capital for economic development. Human capital formation is the process of adding to stock of human capital over time. Human capital can be developed through creation of skilled, trained and efficient […]
Taxes are those compulsory financial charges or some other type of levy imposed on a taxpayer by a governmental organization in order to fund government spending and various public expenditures. […]
Dowry is basically the transfer of parental property, gifts, money or anything else of monetary value, usually by the wife’s family to the husband and his family upon marriage. Hence, […]
Indians are among the shortest people in the world on average. Despite impressive rates of economic growth in India over the past decade or two, India remains one of the […]
EDUINDEX NEWS 