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The article is talking about the national income rises according to the development and improvement of the country from back then until now. The boost of national income in India was 8.2 per cent GDP between 2003-2008. The prime minister of economic advisory council lowered the economic growth.However, the GDP per capita was higher than the national income in India which is better because it showed the amount of money that individuals have and how they improved.

The article is a really interesting article that explains an interesting fact about how the employment level change in developing and developed nations. It is interesting that in developed nations the unemployment level is more than developing nations. It should be the opposite because developed nations are developed in every way but developing countries are not fully developed yet they still have a lot of improvements they have to achieve as a country politically and especially economically. The average unemployment rate in OECD countries was 6.7%. During the nineties, the average unemployment rate was 7.7% in UK, 9.3% in Canada, 11.7% in Finland and 11.3% in Ireland.The countries such as UK, Finland and Ireland has lower employment rates when you compare with India which was 6-7%. But if developing countries have close to full employment why do they have greater economic misery and lower GDPs you may ask? The answer to this puzzle of full employment, yet low GDP and greater economic misery, is not quite straightforward. In developing countries is that most of them have few programmes to provide relief to the unemployed. the people in developing countries do not have the luxury to remain unemployed.They take whatever jobs they get. Most European countries are welfare states with generous unemployment insurance programmes. During recession, many people in European countries do not find it worthwhile to work at minimum wage. They accept jobs that pay less or they accept jobs in the informal market, with lower or no benefits and little protection.

This article was interesting because it showed the producers responding to the price control that the government had set up. In response to the ceiling price, many traders started an illegal market where they charged more for a good.

Indian government has announced that 60% of entire domestic pharma market will be under official price control. The policies of National Pharmaceuticals Pricing Policy will cover 348 products on the 2005 National List of Essential Medicines (NELM) plus others added to the newly-updated List (NELM-2011), which includes some 450 products.The long-awaited draft policy would also change the way prices of controlled products are regulated. Under the current Drug Price Control Order (DPCO), prices are based on market share, but the government's draft policy proposes changing to a system of setting a ceiling on the prices of formulations based on the Weighted Average Price of the leading three brands.

This is a great article because it discusses how aggregate demand relates to other barometers of economic health when it comes to a nation, such as the unemployment rate. 

This article is interesting because it offers as a window into the concept of equilibrium in the case of a socialist nation

This article is interesting because it is quite important in terms of the impact it could have on the U.S. India is one of very few countries near the Middle East that is "stable" at the moment, and the U.S. as a country imports quite a bit of its oil from the Middle East. This is very closely related to what we have been studying this week, in that when something is scarce, or demand is high, prices elevate. Not only is it a good decision on India's part to raise prices because it will help their own national fiscal rating, but it will also take advantage of the fact that many countries will begin turning to them as a primary source of oil / diesel until the situations in the arab spring are resolved. India is doing a smart thing fiscally, while capitalizing on unrest in the arab spring and maximizing their profit during this time of high interest in the good that they have to offer.

The article is talking about the federal government which has shut down today because of an impasse over the budge and in two weeks, the nation is set to hit its borrowing limit.The major problem in the articles is that there is an oversupply of global labor, an oversupply of global productive capacity and an oversupply of global capital. The jobs created low wages and part time. Growth in domestic manufacturing is still slow which will prevent the development of a country in their own production and prevent the large amount of profit they will get as a result of the domestic production.Business spending has fallen, rents of the houses falling where home prices have increased. The reason why its hard to get out from the rut is because they are no longer faced with a world in which supply-side economic remedies, easy money, reduced taxation, fiscal belt-tightening and deregulation can spur new capacity and the creation of well-paying private sector jobs.Countries that were recently poor find themselves with huge surpluses and sovereign wealth funds. The rich countries of the world, while still rich, struggle with monumental levels of debt, both private and public, and unsettling questions about whether they can compete globally.Also to clear this mess,developed nations need to put the huge surplus of underemployed workers back to work by any means, including big public sector investments to improve infrastructure and competitiveness.Moreover, a new economic multilateral ism with the developing world, to encourage them to re balance their economics away from savings and toward consumption, while we in the West must curb our addiction to credit and consumption is necessary.

This article focuses on the upcoming challenges and goals of the United Nations climate talks in Doha, Qatar. The talks aim to discuss how to remedy global warming that could lead to a planet up to 6 degrees warmer in the future. To do this, carbon emissions must decrease by about 5% each year. Topics at the talks may include current issues of greenhouse gas pollution and deforestation, especially with improvements of the carbon market. Businesses may soon face strong encouragement to accept these proposals, as climate change begins to result in not only impact on society but also private costs of businesses. These externalities, previously external but becoming increasingly internal, may soon force large business leaders to reconsider their impact on the environment.

The article is talking about the changes in Public goods in different generations.The writer is comparing privatisation and public goods and services.These days, however, the distinction between 'public' and 'private' has become blurred.In Britain, for example, the railways were privatised and an 'internal market' was created within the National Health Service on the grounds that this improved the efficiency of service delivery for 'customers'. There are some circumstances in which it is sensible to privatise, there are many good reasons why wholesale privatisation should be shunned.

According to the Commerce Department, consumer sales have risen 1.1% in February, the largest increase in 5 months. The good news calmed fears that the recent expiration of the payroll tax cut would reduce the willingness of consumers to purchase goods. Consumer spending makes up 2/3 of the macroeconomy and it therefore always a reliable gauge of the current status of the national economy.

The School Bus strikes are turning into disrespectfuk and irresponsible incident by New York bus Drivers. The tensions are rapidly increasing and causing a great problem for parents and students. The city provided parents and students MetroCards and paid to taxis and car services for access to public transportation.

Inflation in Africa's largest oil producer eased to 8.6 percent from 9.5 percent in February, the Abuja-based National Bureau of Statistics said today in an e-mailed report. The median estimate of 10 economists surveyed by Bloomberg News was 9 percent. Prices rose 0.7 percent in the month.

This article shows the price mechanism of the increase in the price of gas cylinders from 2008 March to 2012 october. The increase in price was 263%

The article is about in which countries what type of products are more elastic and inelastic. For example, milk bread has inelastic demand because even though the prices change people will still buy them to survive. Otherwise, meat, chicken has inelastic demand because people might not afford the prices if they change. Especially USA, Japan, Canada has the most inelastic demand for milk, bread and vegetables when you compare them with other nations.

In this article we can read about price and demand elasticity of food, it's written that demand for some product such as milk, bread, fresh fruit and vegetables is not elastic, because these product are part of diet food so that's why the change in price won't affect demand very much. However other it can affect the demand of some other that not suits to diet food very much.

This article states that the price of gas will drastically drop by as much as $0.50. Gas companies are predicting that there will be a huge increase in gas consumers when the prices start to drop. This will also be affected a lot by the presidential campaign because gas prices are a huge issue.

As you all know water is a necessity for us to survive in this planet, but sadly it is available to everyone as freely as it is to some people. According to the United Nations, by the year 2025, 1.8 billion people will be living in countries with absolute water scarcity.

I quite interested in the article because water scarcity is one of the most serious problem around the world. Scarcity is increasing rapidly form day to day and it will destroy the world if it keeps going. So Your explanation of article is short and very clear it is like a brief summary in 2 sentences.

Investors and traders are betting on an increase in demand of copper in China, the world's largest user of metals. With the upcoming National Day week-long celebrations in China and continuing worries of the European debt crisis, many manufacturers are stockpiling and cutting risk. However, China is expected to announce new plans for economic growth and this, along with signs that future demand may increase, has returned the price of copper to $8175, up about 0.7%.

discusses free trade between south Australia and china