Table of Contents
What is the K economy?
What Is the Knowledge Economy? The knowledge economy is a system of consumption and production that is based on intellectual capital. In particular, it refers to the ability to capitalize on scientific discoveries and basic and applied research.
What is V shaped and K-shaped recovery?
While a ‘V-shaped’ recovery suggests a quick return to growth, a recent ‘Investopedia Economy’ article pointed that the Covid recovery in the US has been fractured and uneven — a ‘K-shaped’ one where different areas of the economy recover at varying speeds.
What are the types of economic recovery?
Economists say that recovery after a recession can come in five different shapes – V, U, L, W and K. They are named after how each recovery would look when plotted on a graph.
What is K Recovery?
A K-shaped recovery is an economic recovery following a recession where only certain sectors, industries, or areas of the economy recover while others persistently lag.
What is K-shaped economic recovery Upsc?
A K-shaped recovery is a post-recession scenario in which one segment of the economy begins to climb back upward while another segment continues to suffer. If illustrated, the economic growth would roughly resemble the two diverging diagonal lines of the letter “K” – hence the name.
What does V-shaped economic mean?
A V-shaped recovery is a term that describes a period of economic decline (recession) and recovery that resembles a V shape. In the case of a V-shaped recovery, an economy suffers a sharp decline for a short period and then a sharp rise to its previous status.
Why is the recovery from the pandemic induced recession described as K-shaped?
A K-shaped recovery occurs after a recession when certain parts of the economy resumes growth while others lag behind indefinitely, and it’s a type of recovery that rose to prominence during the COVID-19 pandemic.
Is India facing K-shaped recovery?
Former RBI governor D Subbarao sees ‘k-shaped’ recovery in India. India’s gross domestic product is forecast to grow by as much as 12.5\% in the current fiscal year ending March, which will make the economy the world’s fastest growing major one. …
What is a macro indicator?
What are macroeconomic indicators? Macroeconomic indicators are statistics or data readings that reflect the economic circumstances of a particular country, region or sector. They are used by analysts and governments to assess the current and future health of the economy and financial markets.