Business

CRED’s Business Model Explained

Now we are sure you’ll be surprised to know that in 2020 alone, CRED incurred losses worth $48 million against operating revenues of just $70,000. Moreover, for every dollar the company generated in 2020, they spent $727 to earn it, and we have seen how massively CRED spends on its creative marketing campaigns. But the …

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How To Write A Business Plan?

Starting a business in today’s competitive world can be quite challenging. The very first step is planning a business layout which is organized, credible and accountable. It may seem difficult at first, but if you know what you’re doing, and you have structured guidance, a business plan becomes easy to formulate! Let’s discuss the components …

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How Do Credit Cards Work?

A Credit Card is an amazing convenience that lets you pay for your purchases online or offline without cash. Isn’t that what everybody wishes for? Sadly, it is not that simple. Instead of giving you the full loan in cash, the card issuer lets you take as much of the credit limit as you want …

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Walras’s Law Explained

We know that markets are constantly in flux and prices constantly change. The question is will there always be a price vector where all markets for different goods clear? Being that one of the principle focus of economics is understanding the determination of price, if equilibrium does not occur then we have a serious problem …

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