Inflation
Ipsos’ latest ‘What Worries the World’ survey of June 2022 revealed that inflation is now the world’s biggest concern more than COVID-19. Many countries are struggling with high inflation rates.
Posted inEconomic GD Topics
Green economy
The present economy encourages people to buy more things. Rising materialism is depleting natural resources, causing a negative impact on the environment. The green economy is an alternate economic model, which focuses on conscious consumption, promotes reusing, repairing and recycling things.
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
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.
Posted inGeneral GD Topics Technology GD Topics
Digital Footprint
Digital Footprint is a record of our information online. There are two types of digital footprints. One is the active digital footprint and another one is the passive digital footprint.