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The Slutsky substitution effect provides the consumer greater satisfaction by bringing him on a higher indifference curve, while the Hicksian substitution effect brings him back to the initial level of satisfaction on the original indifference curve. Hicks’ substitution effect is weak because it is based on the compensating variation in income.
According to the World Bank, what are the projected growth rates for India's GDP in FY26 and FY27?
Which of the following edtech unicorn acquired majority stake in Deeksha for $40 million?
Which company experienced a 13.46% drop in premiums in August 2024?
Which company constructed India's first 3D-printed post office in Cambridge Layout, Bangalore, with technical guidance from IIT Madras, and completed th...
What is the new maximum penalty limit set by RBI for FEMA violations?
Which country was excluded from Trump’s 90-day foreign aid suspension policy?
What is the name of the national initiative launched to promote women's leadership in AI?
As per the RBI's latest Report on Currency and Finance (RCF), what is projected to be a key factor sustaining the growth in remittances to India, expect...
How many approaches has Google incorporated to enhance image understanding and counter misinformation online?
Who has become the new CEO of ‘Advertising Standards Council of India’ ?