cobots
Posted inTechnology GD Topics

Cobots

Collaborative robots or cobots work alongside humans instead of replacing them. Human-robot collaboration can improve productivity because humans can utilize the cobots with super strength and accuracy as their assistants.
Deep tech startups
Posted inGeneral GD Topics Technology GD Topics

Deep Tech startups

Deep Tech or Hard Tech startups are companies that develop engineering and scientific innovations to solve complex real-world problems. Developing an affordable solution for treating life-threatening diseases, creating IoT-based accident prevention systems for vehicles etc. are good examples of what deep tech startups can do.
Stagflation
Posted inCurrent Affairs GD Topics Economic GD Topics

Stagflation

Till the 1970s, it was believed that inflation (increase in prices) and unemployment are inversely proportional. Because, if the unemployment rate is high, common people have low purchasing power, and hence the demand for goods reduces, thereby the prices will either reduce or stay constant.
global energy crisis
Posted inCurrent Affairs GD Topics Economic GD Topics

Global energy crisis

In 2020, lockdowns were imposed in many parts of the world due to the Covid pandemic. After the lockdowns are lifted, the demand for electricity increased as the economic activity returned to normal. But the production did not increase as per the demand due to several factors such as labour shortage and supply chain disruptions.