International Journal of Economics & Management Sciences

The Consumer Price Index (CPI) is a vital economic indicator that plays a fundamental role in assessing inflation and its impact on the economy. It provides a comprehensive measure of changes in the prices paid by urban consumers for a wide range of goods and services over time. This index not only helps policymakers make informed decisions but also guides individuals, businesses, and investors in understanding and navigating the complex world of inflation. In this comprehensive exploration, we will delve deep into the Consumer Price Index, its history, calculation methods, significance, and its relevance in the year 2023.

Business analytics, the practice of collecting, processing, and analysing data to inform decision-making, has undergone a remarkable evolution over the decades. From its early roots in data warehousing and business intelligence, it has evolved into a sophisticated field powered by artificial intelligence and machine learning. This article explores the evolution, components, benefits, and challenges of business analytics. It delves into its pivotal role in modern decision-making across various industries, discussing real-world applications and the ethical considerations that must be addressed. The case study of Netflix illustrates the transformative power of analytics, and the article concludes by emphasizing the need for responsible data-driven decision-making as business analytics continues to shape the future of business.

This comprehensive exploration of economic growth theories provides a deep understanding of the evolving concepts and principles that underpin sustained economic development. Beginning with classical ideas like mercantilism and physio racy, the journey extends through neoclassical, endogenous, and modern growth theories, offering insights into their strengths, limitations, and real-world policy implications. The analysis underscores the importance of considering a blend of these theories to formulate effective growth strategies that address contemporary challenges while fostering long-term prosperity.

The global economy is marked by its perpetual ebb and flow, experiencing periods of growth and prosperity followed by inevitable downturns. Understanding the complexities of economic downturns is paramount for governments, businesses, and individuals alike. This paper delves into the multifaceted nature of economic turbulence, exploring the various factors that contribute to downturns, their repercussions on different sectors, and the strategies to mitigate their impact. By examining historical precedents, economic theories, and contemporary case studies, we aim to provide a comprehensive overview of the intricacies surrounding economic downturns. This knowledge will enable stakeholders to make informed decisions and develop resilient strategies to navigate the uncertainties of the economic landscape.