Chandra Maharana

There is always a debate regarding which is more sustainable CAPITALISTIC ECONOMY or SOCIALISTIC ECONOMY. Today I am going to highlight the pros and cons of capitalistic economy, the impact it creates on people like you and me, impact on environment, etc. WHAT IS CAPITALISM? In simple words capitalism means the entity or sector which is held mostly by the private sector. All the inputs like labour are owned by private entities.  PROS OF CAPITALISM: A) DECENTRALIZATION: The most successful idea of capitalism is decentralization. In capitalist countries everyone has the freedom to open a business with less formalities. These businesses work independently. On the other hand in socialist countries everything is controlled by the government whether it is production, labour, wages, investments, etc. Due to this there is centralization of power and it affects the efficiency which in turn slows down the growth of economy. B) INOVATION: In capitalist countries every business works independe...

 Is MBA worth doing it in today's digital age? MBA course is one of the most expensive courses in India as well as in abroad. These days you can literally learn anything online. Also, there is a huge opportunity cost as you will not be earning during your course period. So MBA really worth the time and money investment? Let's try to find the answers objectively.  The return on investments for a lot of management courses is quite poor. A MBA from a non-top tier college costs somewhere around 8-10 lakh but only fetches a job of 40-50k per month. And the additional fees for the CAT classes that you had enroled for. Since IIMs have produced top alumni the craze around MBA refuses to die. It's worth noting how many students actually secure admission in top colleges.       More than 2 lakh students appear for this exam for a little over 5000 approx seats. The competition is very stiff. And MBA degrees from tier 2-3 colleges are likely to give you diminishing returns. ...