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The Firm and the Market

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  The Firm and the Market The struggle for survival tends to make those organisations prevail, which are best fitted to thrive in their environment, but not necessarily those best fitted to benefit their environment, unless it happens that they are duly rewarded for all the benefits which they confer, whether direct or indirect. Alfred Marshall, Principles of Economics, considered the economic problem of the firm in splendid isolation. The firm received signals (prices of inputs, prices of outputs) from the outside world and responded blindly with perfectly calculated optimal quantities. The demand for inputs and the supply of output pertained only to the behaviour of this single economic actor. It is now time to extend this to consider more fully the rÙle of the firm in the market. We could perhaps go a stage further and characterise the market as the industryî, although this arguably sidesteps the issue because the definition of the industry presupposes the definition of specific...
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Rising Suicide Cases in Kashmir

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  Suicide means ending one's life. In the recent few months, suicides have been on the rise in Kashmir and have become a leading cause of death. About 800,000 people die by suicide every year, globally and out of those 135000 are the residents of India.  It has become the fourth leading cause of death of youngsters in the world. Suicides have surged in Kashmir during the second wave of Covid-19. Drug abuse and frequent domestic violence are the main causes of the rising suicide cases in the valley. In addition to this, social media interaction is also responsible for this menace. The most common method of committing suicide in Kashmir is by hanging or jumping into rivers, streams etc. Suicide is one of the greatest sins in Islam.In the sacred holy Quran, Almighty says in Surah Al Nisa , verse No. 29 ( Don't kill yourselves. ) Not only Islam but all other major religions forbid suicide. We know ihat life and death are in the hands of Allah and if a person ends his life, then ...
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