Most people use smartphones for listening to music, playing games, browsing the internet and social networking where phones were once primarily for making calls and texting. Background Over the last decade or so, people all around the world have been satisfying their computing needs and multimedia requirements through their desktops and laptops. But things are changing really fast with the introduction of smartphones and handheld devices a few years back. More and more users are adopting these devices every day to perform further on the go and always stay connected. Technology giants are releasing newer and enhanced handheld devices every month to grab a slice of the market share thus creating endless choices for the end user. With loads of features and tonnes of applications to support them, these devices have established themselves as the mainstay of the technology market. There was a time when phones were only used for making calls. In fact, when mobile phones were invent...
Inflation Inflation is and has been a highly debated phenomenon in economics. Even the use of the word "inflation" has different meanings in different contexts. Many economists, businessmen, and politicians maintain that moderate inflation levels are needed to drive consumption, assuming that higher levels of spending are crucial for economic growth. Understanding Inflation Inflation is often used to describe the impact of rising oil or food prices on the economy. For example, if the price of oil goes from $75 a barrel to $100 a barrel, input prices for businesses will increase and transportation costs for everyone will also increase. This may cause many other prices to rise in response. However, most economists consider the actual definition of inflation to be slightly different. Inflation is a function of the supply and demand for money, meaning that producing relatively more dollars causes each dollar to become less valuable, forcing the general price level to ri...