Subject: Economy Concept: A public good has two key characteristics: it is nonexcludable and nonrivalrous. Non-excludable means that it is costly or impossible for one user to exclude others from using a good. Non-rivalrous means that when one person uses a good, it does not prevent others from using it. Examples of public goods are education, infrastructure, flood control […]
Subject:Economy/ IR Context: State of Food Security and Nutrition in the World 2020 warns difficulty in achieving SDG goal of Zero hunger. Concept: The State of Food Security and Nutrition in the World is the most authoritative global study tracking progress towards ending hunger and malnutrition. It is produced jointly by the Food and Agriculture Organization (FAO), the […]
Subject: Economy Context: Amid pay cuts and job losses due to the outbreak of the pandemic and lockdown, the trend of down trading is on rise. Concept: Down trading refers to the practice of switching from expensive products/brands to cheaper alternatives in a bid to conserve cash. Products which meet the basic requirements are preferred […]
Subject: Economy Context: According to a global banking group, remittances to India are estimated to decline sharply by about 25 per cent in FY2021 amid the economic crisis induced by the COVID-19 pandemic and shutdown. Concept: India is the largest recipient of remittances (in value terms) in the worId and received nearly $76 billion of flows […]