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Ever imagined a daily life with an inflation rate of 1,000,000%? A rate at which the price of your coffee cup doubles between weekly paycheques! That’s exactly what is being faced by the citizens of Venezuela. The story of how inflation became hyperinflation involves more than economics; it’s a tale of self-serving politics, rampant corruption, price-fixing, a global commodity bust, and social unrest.
Akerlof’s Lemon problem is a very interesting economic theory which is used to widely justify consumer and producer behaviour. In his research paper “The Market for Lemons: Quality Uncertainty and the Market Mechanism”, George Akerlof uses lemons to signify defective goods. The central problem was mainly connected to the concept of asymmetric information.
Depression, anxiety, panic attacks, etc. are not new to the society. However, they are one of the few topics we don’t address in Indian households. Not only are they least discussed, but also believed to be non-existent. Over time, the awareness of the issues about mental health, and the importance of mental well-being has increased tremendously. Nevertheless, several aspects remain untouched.