There goes a lot into the process of making a drug. Before a drug is deemed suitable for patients, it has to go through rigorous testing and cost-effectiveness analyses. In this article, I have tried to explain the whole process, right from the Research and Development to Marketing.
Debt is an instrument that has an equal number of critics and supporters, but if we look at this concerning the current scenario, things are on a bit of a scary side. We have seen the announcement of relief packages consisting of huge amounts of money. Have you ever wondered about where it is coming from, or do you have to worry about the debt taken by the government, and what repercussions it can have in the long term? In this post, I have tried to encapsulate a few things, which would help you get an overview of how things will move around with this huge debt.
In my first and second part, I had explained what money is and brief history of Money. Money and currency have all the same characteristics except money is a store of value, whereas currency isn't. A thousand dollar bill won't buy the same amount of goods that it used to buy 30 or 40 years back.
The Gold exchange standard was similar to the Classical gold standard as it was self equilibrating in nature. Still, it had flaws, but one of the worst was the instability resulting from unexpected redemptions of gold. Suppose France had a trade surplus with England, France would receive sterling.
Greed and Fear is something that is not only applied in the field of investments but also in businesses, industries, and countries. It is something that can either make or break one’s career. There is no amount of growth that can’t be destroyed by an investor’s temptation to grab too much of it. And there is no opportunity so appealing that it will catch the eye of someone who refuses to look.
Before Money was introduced into human culture, the only way to trade goods was through bartering. Barter system relies on the principle of coincidence of wants; you hope that you will find someone that you need and who wants something that you have at the same place and at the same time.