Category: Economics

G7: Explained

The Group of Seven (G7) is an international organisation that consists of Canada, France, Germany, Italy, the United Kingdom and the United States. It was formed in 1975 to facilitate shared macroeconomic initiatives by its members in response to the collapse of the Exchange Rate in 1971. The G7 summits were launched in 1975, with […]

Advance Technology and Unemployment, is there necessarily a trade off?

Technology has made our lives easier, so easy that life without it seems impossible. Have you ever realised that technology has made many people‚Äôs lives more difficult? This problem arises from technological unemployment. A machine is developed which can do the work of ten labourers at a lesser cost with better quality. The main goal […]

WHY ARE YOU GOING HOME?

During the lockdown, we were constantly hearing that the labourers, the daily wage workers are leaving and going back to their native places. We heard instances where thousands of labourers reached the bus stations, the railway station but returned disappointed. The government has shown serious carelessness in handling the labour movement. But why are the […]