In our school days we used to be taught the definition of a local market in economics defining it as a factor to determine the prices. The concept was that commodities in a local market were supposed to cost comparatively lesser as there was not much of any transportation charges involved. In a way there were not much of fluctuations causing rise and fall in prices locally. Now the whole country, or say even the world as a whole, is a sort of a local market because of technological developments both in the areas of communication and transportation. If rates of onion, garlic and potatoes go high in New Delhi they have their full impact in Kanpur and Lucknow. If we talk of the share market, the rise and fall of share index gets quite affected in Mumbai if there are any bigger changes in trend both upward and downward in Singapore or even in USA. Practically speaking there is now nothing like a local market, the whole country, nay the whole world, is like one composite market affecting the economy of different countries uniformly quite often.
Saturday, 4 January 2014
Is there still any thing like a local market?
Sunday, 29 December 2013
If Facebook and Twitter go offline:
It looks so nice and sounds to be sumptuously consumer friendly if the social tools like Facebook and Twitter are available to their users offline without getting constrained to make any payments therefor as charges for internet usage, in other words free access to both facebook and twitter. Vow! It is already there. As per latest news, it may no more be the question of any ‘if’, it is rather quite in the offing very likely to happen in tangible terms shortly after the u2opia company of Gurgaon (Haryana, India), which has its net work spread over in around 30 countries of the world, is able to launch it in India too enabling the users to do necessary surfing on both the social tools even through their mobile phones without at all depending on internet for the purpose. The technique adopted for this task is known as ussd. The very relative platform is given the name fonetwish. The internet users in India are around 200 millions only as against mobile users who numerically stand at 900 million and obviously it is so good a news for them in the New Year due just a few days after.