Commerce Chronicles

 In todays age, where technology has been made the first priority in many peoples lives, the gig economy has simultaneously experienced a rise in popularity.  First of all what is the gig economy? It is a labour market charecterised by the prevalance of short term contracts of freelance workers who dont engage in permenant jobs. These 'gig workers' typically work on a project or task basis, offering their services or skills to clients or companies for a specific duration. Personally, I have used multiple freelancing platforms such as Fiverr and 99Designs for short tasks and a cheap price. The availability of such workers who uptake and complete your task for a short period of time, provides significant satisfaction to customers or clients who might not be interested or have the funds to hire full time workers. Here listed out are some other primary reasons why the gig economy has seen outstanding growth. Digita platforms - As i mentioned at the begining, the internet and techn...

  Title: The Evolution of India's Secondary Sector: An In-depth Analysis In this comprehensive exploration, we trace the transformative phases of India's secondary sector. This is a story of growth and adaptation, a remarkable odyssey that has left an indelible mark on the nation's economic landscape. Before delving into the present, let us first cast our gaze back to a time when India was under British colonial rule. The pre-Independence era was characterized by an agrarian economy, with a relatively underdeveloped secondary sector. Cottage industries such as textiles and handicrafts thrived, but large-scale manufacturing was, at best, in its infancy. The post-Independence period, specifically the 1950s and 1960s, marked a significant turning point. India adopted a policy known as import substitution industrialization (ISI). The overarching goal was to nurture domestic industries and reduce reliance on imports. The secondary sector embarked on its journey of expansion, alb...

 15/8/23 Employees form the backbone of a company, instrumental to its operations and advancements. Utilising their diverse skills, companies achieve operational finesse and meet customers changing expectations effectively. A harmonious team is essential in nurturing a conducive work atmosphere, propelling the organisation towards its goals. Without the employees' innovation and drive for success, failure and inefficiency becomes inevitable for the business. By understanding the information above, we are able to comprehend that the work employees put into the business is extremely vital. So how do businesses and co-corporations ensure their workers efficiency? This is achieved by using a range of motivating methods. Historically, increasing ones pay would ensure that they are committed and provide innovation for the businesses growth, but as times change these cliché methods have evidently failed to generate a more efficient workforce. The diagram illustrates different motivating...

 Ever since the effects of global warming became inevitable, everyone has to some extent or another contributed to the cause of being sustainable. Whether it be by switching of the fans and lights when they are not being utilised or reducing single use travel and switching to community/public transport methods.  Legal restrictions by governments in several countries, such as the laws to protect the amazon rainforests and combat illegal deforestation by Brazil and the introduction of emission standards for vehicles by India. These laws can also influence the ways in which businesses manufacture or distribute their products and services. For example  Walmart : One of the largest retailers globally, Walmart has been working on sustainability initiatives like reducing greenhouse gas emissions, promoting sustainable sourcing, and encouraging energy efficiency. Over the years we have seen hundreds of multinational co-operations coming up with 'sustainable goals', according to ...

 Blog #2  Should marketing focus on quantity or quality ? We see businesses market themselves every single day, all around us whether it be on a billboard or a news article in the form of ads and what not. But why are there so many ads? Why do businesses promote themselves so much? The answer to all of these questions may be simple, but before we dive into them we need to understand what marketing is. Marketing isn't just about placing ads all round us in the chance of us getting attracted and buying the product or service the business offers. It is about identifying and meeting the needs of customers which is done in a profitable manner. Once a business in successful in this, it is then that they uses adverts to show consumers/customers that they have understood they're needs in hopes of them buying the businesses products/services instead of competitors. Coming back to our topic. Should marketing focus on quantity or quality? Like every other resource in this world, the fina...

  Why has entrepreneurship seen a boom since COVID-19? Data collected from Forbes.com shows that in 2020, developed countries such as the USA, UK, and Japan saw significant increases in the number of new businesses registered. The USA alone witnessed a 90% increase in new start-ups compared to 2019 which was an all time high for the country. What has caused this sudden spark in the population to take risks and start new business ventures and how has the pandemic played a role?  I personally believe the excessive leisur e time the pandemic offered might have played a crucial role in supporting this data. Since the whole world was forced into a lockdown, people remained comfortable in their homes and were provided with the opportunity to endeavour into new skills or might have even become proficient in one thing or the other , and this might have led individuals into converting these new found skills into a possible business venture. Graph representing number of new businesses...