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Competition is generally a healthy phenomenon. Its presence ensures that prices set for products and services are fair and reasonable. Although factors such as supply-and-demand, market position, brand value, etc influence the price set for a product/service, it is competition that fine tunes the price to existing demand. In its absence, monopolies or cartels could …

Customer markets can be broadly classified into five types. The first is the consumer market, “which consists of individuals and households that buy goods and services for personal consumption”. (Part 2, p.66) Within this category several sub-types exist. Fast-moving Consumer Goods (FMCGs) is one type of consumer market. These are generally high volume, low unit …

The Roman Empire continues to be of historical importance even today. This is because the political, social, architectural and cultural achievements made by Romans during their Empire’s peak, continues to inspire people even today. The capital city of Rome was especially famous for its detailed planning and organization. It is difficult to perceive how city …

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Mid-life crisis refers to the observed phenomenon of depression, low motivation and lack of purpose seen in the middle of adult lives. This crisis is seen by psychologists as a product of several factors, including complacency, boredom, hormonal changes and natural ageing process. This is especially more pronounced in men than women, as the former’s …

As manufacturing industries are steadily replaced by services industries, the concept of productivity assumes new meanings and dimensions. Improving productivity automatically reduces costs incurred by companies, thereby boosting the bottom line. As a consequence, the company has more resources at its disposal to spend on R&D and supplementary services. So, there is incentive for managers …

Despite gaining no legal or religious sanction, the adult movie industry is one of the biggest and thriving contributors to culture and economy. Here, adult movie is defined as that whose content is majorly comprised of implicit or explicit sexual acts (of various orientations) and action movies that are adult certified due to excessive violence …

In political science studies, it is not often that one reads of American Imperialism. The term imperialism is almost exclusively associated with colonial exploits of major European powers such as Britain, France and Germany in the West; and China and Japan in the East. Although a late joiner of the imperial club, the United States …

Supply Chain Management (SCM) has become an integral part of many manufacturing companies’ production processes. SCM came to be recognized as crucial to the success of a business especially if there is high competition within the industry and room for inefficiencies are low. First pioneered by Japanese automobile companies like Toyota, SCM is essential in …

The Olympic Games is the most celebrated sporting event for all nations in the world. Almost every sporting discipline is included in the itinerary and most of the countries in the world participates in it. It showcases human virtues such as perseverance, courage, determination, etc and in this respect it serves as a theatre of …

Amartya Sen is a Nobel Prize winning economist of Indian origin, who has made vital contributions to the field of development economics. One of his major seminal contributions is ‘social choice theory’, but his contributions extend to ‘welfare economics’ and studying the problems of poverty as well. Born in a country with one of the …

Lack of motivation among teenagers is an area of concern for parents and school administrators alike. Low motivation can manifest in the form of disinterest toward studies, unwillingness to participate in extracurricular activities and disinclination toward sports, etc. Low motivation was also closely linked to a plethora of other teenage problems, including “detrimental family background,” …

Written by Samuel Beckett originally in French in 1948, the translated English version was first enacted on stage in 1953. One of the masterpieces of the absurdist tradition, the play is infused with psychological, political and philosophical symbolism. The plot is outwardly quite simple, involving interactions between two friends Estragon and Vladimir as they both …

The book Courtroom 302 is a detailed analysis of the American Criminal Justice system. Written by author Steve Bogira, the book documents the insights and observations made by him during his tenure as a crime reporter for the Chicago Reader and later during his job as a police reporter. The book in question focusses on …

Marital divorce can be a very painful experience for both the parties. But it can affect the genders in quite different ways. It is a well known fact that divorce rates in advanced nations are quite high compared to that of developing and under-developed nations. The United States and Europe have gained notoriety for their …

In the era past World War II, America established itself as one of two superpower nations. With the Soviet Union providing counterbalancing power, America waged a diplomatic war (Cold War) to assert and spread its ideological content. This ideological confrontation manifested in two forms: 1. between communism and liberal democracy, 2. between socialism and capitalism. …

Project Management can be seen to contain three distinct phases: Planning, Scheduling and Controlling. During the Planning phase, the requirements of the project are properly understood. The Project Manager (PM) fits the new project within the broader Project Organization, so that existing projects continue to run smoothly. The PM also interacts with the clientele and …

What does this person do? What are their primary areas of interest? Antonio Agostinho Neto rose from a simple background to become the first President of Angola in 1975. He served as the leader of Popular Movement for the Liberation of Angola (MPLA) and guided his country through the years of civil war. Although he …

The author duo of Steven D. Levitt and Stephen J. Dubner have made economics accessible to the general reader through their popular work Freakonomics and its sequel. Continuing on with the spirit of scholarly adventure, they yet again unfold unexpected correlations in understanding odd phenomenon. In the article in question, originally published in Slate magazine …

As many as 50 characters who appear in the Holy Bible also appear in the Holy Qur’an. This includes that of Abraham, Issac and Ismael as well. The Qur’an, having appeared seven centuries after the Holy Bible, believed by Muslims to be the more authoritative text. Consequently, there are many differences between the stories of …

During his Southern Tour to the Special Economic Zones in South China in 1992 to accelerate market reforms in the aftermath of Tiananmen bloodshed, the paramount Chinese leader advised the party state, “Guard against the Right, but primarily against the Left.” How do you make sense of Deng’s warning against the leftist political thought and …

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