There are some important characteristics of the socialistic economy. These are – State ownership The main characteristics of the socialistic economy are the termination of private ownership of assets. There is private ownership over organization, land, and other materials of production. The state ownership is established overall assets of the country and all materials of […]
Talk for biz
What are the Causes of inflation
What is Inflation? When the value of currency decrees against the regular price of the daily used products then it called Inflation. Inflation is a complex economical problem. There is the various reason for inflation. The major reasons are described below- Increased supply of money: The major reason for inflation has increased the supply of […]
Disadvantages of Globalization
The original scenario of globalization is different. according to world economists,globalization is a part of capitalism. Globalization is the power of consumerism and aggression to the third world country. Underdeveloped and developing countries are suffering from fear of globalization. Some disadvantages are described below: Economic exploitation: Under the globalization process, underdeveloped countries are exploited by […]
Arguments in favor of globalization:
The economist and sociologists in the western world are showing their strong logic in favor of globalization. The advantages of globalization are described below: The free flow of product and service: The major positive side of globalization is free to flow goods and services among various countries in the world. The produced products and services […]
Measures to control inflation
The following measures are needed to take to control inflation and reduce goods prices. Increased production To reduce inflation, it is important to increase production in a country. Besides, the use of better quality seeds, fertilizer, and better water supply can increase production. The production in the industrial sector can increase by using needed materials, […]
Effect of inflation on different classes of people
There are various types of people live in our society. Inflation effects are not the same for all people in society. One party may damage due to inflation and the other party may gainer at this time. The effects of inflation on the people in the society are given below. Effect the fixed income earning […]
The effects of coronavirus pandemic on world economy | COVID-19 business impact
The effects of coronavirus pandemic on world economy : What did this COVID -19 bring to the global economy instead of progression? Stagnation ( L,U,V curve on economics type): It defines that a prolonged period of little or no growth in an economy . Besides, if the economic growth is 2 percent or 3 percent […]
What is competitive intelligence and Why it is important for firms?
What is competitive intelligence? Competitive intelligence is the way of collecting information on the business environment, competitors, competitive products and services, and overall business industry. In short, Competitive intelligence is a way of identifying competitive gaps between two competitors. Is Competitive intelligence gather ethical? Yes. Competitive practices are ethical and legal in business law.Competitive intelligence involves […]
Bases for segmentation
Bases for segmentation are a strategy. It begins at dividing the market for a product into several groups. However, These groups are homogenous and shared similar characteristics. Generally, these can be classified into two categories. Behavioral data It is an evidence-based data. However, it can be collected from direct questioning or observation. Therefore, Behavioral data […]
Market segment and effective targeting
All consumers are not the same. They are different in their needs, wants and demands. However, there are some other factors that may vary. These are- different backgrounds, education levels, experiences. Therefore, marketers offer different types of alternatives goods that can satisfy the consumer’s desires. As a result, marketers do the market segment and effective […]
