When the word ‘Economics’ is thought about, what generally comes in mind is GDP, production, unemployment, central bank and government’s measures to sustain or support the economy. A common misconception is that economics is applied only at the macro level, that is to say, the economy of nations, the world economy and by corporate firms … Read more

Difference between Formal and Informal Organizations

This article highlights the key differences between formal and informal organizations with simple examples In order to understand the difference between formal and informal organizations one first needs to know what an organization is. Firstly, an organization is made up of a group of people who are working together to achieve certain goals. These organizations … Read more

What is Green Economy? Here’s a Simple Explanation

A green economy is defined as low carbon, resource-efficient and socially inclusive economy which aims at reducing environmental risks, managing ecological scarcities and aims for sustainable development without harming the environment. Basically, a green economy is driven by the desire to achieve growth in employment and income through investment which ensures that the infrastructure and … Read more

What is Development Studies? Everything You Need to Know Here

Development studies (DS) is an important field of study for anyone looking forward to working in the social sector. It encompasses a political, social, economic and technological outlook to issues faced by developing countries. This article covers the history of the field followed by a few theories of development. Further, it discusses multiple disciplines within … Read more