In this research paper, we address three related research questions: How have been the patterns of income mobility in India? What are the trends, levels and sources of income inequality in India? and finally And What is the structure of household income mobility?FindingsThe paper examines the ...
These professionals run statistical analyses, manage machine learning programs, and develop deep learning systems. They need strong programming skills in languages like Python, Scala, and Java. The average salary for an AI engineer in India ranges from INR 4 to 20 lakhs per year. AI Analyst/Spec...
Investment, both public and private, is critical for productivity growth. Higher investment is associated with greater output, lower inflation, and lower poverty rates and inequality. Policy can help set strong and stable incentives for private investment. Growth in capital per worker accounted for ab...
In the 1920s, there was an opposite approach—let everything die and let all regeneration occur naturally. Of course, that point was taken too far. The whole liquidation theory came into play in 1929 with the Great Depression. We’ve gone to the other extre...
What is the role of economic growth in extreme poverty? How has technology impacted land use patterns?(Urban economics) What are the sources of economic growth? What were factors, other than unemployment, bankruptcy, and market failure, behind the great depression?
In other cases, it goes out to a very broad collective set of references. My son’s name is Nicholas, named after St. Nicholas. So, there’s this huge range of meanings even in that very local, very private space. At the other extreme, we have things like the Fourth of July or th...
While a plutocracy is a government ruled by the wealthy, an aristocracy is a form of government ruled by an elite few or a privileged, minority ruling class. An aristocracy often has both money and nobility or hereditary favor, such as in historic Britain and India. The Bottom Line Because...
Many other modern economies have mixed economic systems. Some of these include Canada, France, India, Brazil, Australia, and many others. The Bottom Line Mixed economies, by definition, have both a public sector and a private sector. They fall somewhere along the line between capitalism (a com...
In addition, some countries are exploring bilateral trade in local currencies to bypass the dollar. China has currency swap lines with several nations to facilitate renminbi trade. TheBRICSnations (Brazil, Russia, India, China, South Africa, and others) are discussing a shared currency. Rising pow...
Then there is the increasing problem of wealth inequality. The high per capita income associated with the first world often belies an extremely uneven distribution of wealth in these nations. Several first world countries havepoverty-stricken regions where conditions are comparable to those in developin...