neerajchauhan
Neeraj K Chauhan
I will let you a scenario, that can make a narration of the topic. If there are two country say A and B. A has a growth rate 9% and inflation 7% and in country B has growth rate 6% and inflation 4% respectively. so now tell me which economy is better as per economic point of view.
As per me, Economic's is not mathematics, here two things you have to compare, what basket of goods that inflation is calculated for both the countries and what percentage % of GDP are essential commodities from the inflation point of view. If you don't consider percentage % as a big factor than you can select the country with less sensitivity.
Even comparing with two parameters in mind won't work, there is a need to take holistic approach, micro as well as macro. Comparison cant be made of mangoes with apples and oranges. Even political stability, currency, oil producing, BOP, and host of other parameters are needed to taken into consideration.
:SugarwareZ-216:
As per me, Economic's is not mathematics, here two things you have to compare, what basket of goods that inflation is calculated for both the countries and what percentage % of GDP are essential commodities from the inflation point of view. If you don't consider percentage % as a big factor than you can select the country with less sensitivity.
Even comparing with two parameters in mind won't work, there is a need to take holistic approach, micro as well as macro. Comparison cant be made of mangoes with apples and oranges. Even political stability, currency, oil producing, BOP, and host of other parameters are needed to taken into consideration.
:SugarwareZ-216: