Ask Anything, Know Better
9 hours ago What is NAIRU? NAIRU, or the Non-Accelerating Inflation Rate of Unemployment, is an economic concept that represents the specific unemployment rate at which inflation remains stable, neither accelerating nor decelerating. It is a theoretical benchmark where the labor market is in equilibrium, meaning there is neither upward pressure on wages (which fuels inflation) nor downward pressure (which could lead to deflation). NAIRU is closely tied to the idea of the "natural rate of unemployment," but it...
2 days ago WHAT IS GENDER GAP INDEX? The Gender Gap Index, developed by the World Economic Forum (WEF), is a framework that measures gender parity across countries, highlighting disparities between men and women in key areas of development. Introduced in 2006, it provides a standardized way to assess progress toward gender equality and identify areas needing policy intervention. The index ranges from 0 to 1, where 0 represents complete inequality (a total gender gap) and 1 indicates full parity (no gender gap). A score of...
2 days ago HOW MUCH IS THE DEBT? India’s household debt has become a growing concern, with recent data showing a significant rise in borrowing. By June 2024, household debt reached 42.9% of GDP, as reported by the Reserve Bank of India (RBI) in its Financial Stability Report (December 2024), a sharp increase from 37.6% in March 2023 and well above the pre-pandemic average of 33% (2015-2019). The government’s push for financial inclusion has increased credit access, but without addressing income inequality or...
2 days ago China’s dominance over the global rare earth minerals supply chain, which includes 17 elements critical for technologies like smartphones, electric vehicles, wind turbines, and defense systems, is the result of decades of strategic policies, economic incentives, and geopolitical maneuvering. China has near absolute monopoly on these rare earths. EXAMPLES Neodymium & Praseodymium: Permanent magnets for EVs, wind turbines. Europium & Terbium: Fluorescent lights, LED displays. Dysprosium: Magnets that can...
Comments
Write Comment