With the soaring prices of fuel and the rising environmental awareness amongst people, alternate fuels have become a demand. The auto industry has also responded to it by introducing several hybrid cars within the last few years. With the growing market of hybrid cars, the buyers are facing the problem to make the correct decision regarding which hybrid to buy. For their purpose, we have listed down the factors that will help them identify the right hybrid for themselves.
Game theory is "the study of mathematical models of conflict and cooperation between intelligent rational decision-makers." In other words, game theory in economics is employed to help determine the course of action taken by individuals after taking into account the decisions taken by others. Thus, an important part of game theory is the consideration of decisions taken by other individuals who are part of the same model. The use of modern game theory in economics was pioneered by John von Neumann who employed the zero-sum game model in economic scenarios. The zero-sum game stated that the magnitude of gains made by one player in the market exactly equals the magnitude of losses made by the other players in the market. Through his book, Theory of Games and Economic Behaviour (1944), with economist Oskar Morgenstern, he has explained a number of cooperative games of several players.
In the wake of the 2008 sub-prime mortgage crisis, financial markets across the globe have become subject to close scrutiny by banks, government bodies and investors alike. Although crises in the financial world are usually restricted to a small domain, the effects of some such as the 2008 recession have been felt down to the household level.
US tea market has grown at a CAGR of 7.4% during last 20 years, a remarkable growth rate for an industry in long term. US tea market stood at USD 7.7 bn in 2010 (wholesale value) from USD 1.84 bn in 1990. According to the Tea Association of the USA, in last 19 years, the tea sales have always increased year on year. This continued even through the recession period, even though the growth was sluggish.
SaaS has significant advantages over other model such as third party hosting but even SaaS is not a perfect solution for all the problems and have some limitations.
Platform-as-a-service (PaaS) is one of the three main categories of cloud computing service. PaaS is the middle layer which is basically a platform (could be tools, software, middleware etc) which sits on Infrastructure and are used for coding and deploying the applications are called as PaaS. Hence, PaaS can be defined as a platform for the creation of application or software delivered over the web on demand.
Global herbal medicine market is estimated to be worth USD 26 to USD 30 bn according to various estimates. Herbal medicine market is highly un-organized segment and thus correct estimation of market is difficult. Herbal medicine market primarily consists of traditional medicine with an established track record / documentation. These are based on local knowledge of herbs / plants and are generally considered as an alternative to today’s modern medicines. The medicine, their usage and popularity vary from region to region. According to WHO, in some Asian and African countries, 80% of the population depend on traditional medicine for primary health care.
Solar roofing is a way of tapping solar technology by placing solar panels as roof tiles-on the roofs. Solar roofing is made up of photovoltaic cells contained in solar panel shingles with a durable back case. The similar to roof looking shingles gives it an extra edge over the other solar array methods of implementation.
Solar roofs are seeing an increase in implementation and usage. There is increasing technical sophistication in the technology. Building solar roofs is mostly the same as building normal roof shingles except there is a solar array laid in it.
Various estimates put UK tea market in the range of GBP 700-800 mn (2010). The market is estimated to have grown at a healthy 8% between 2008 and 2010, despite the economic slowdown. Few analyst attribute this to increase in prices (because of shortage of supply) rather than increase in consumption. UK tea market is primarily driven by high penetration of tea among aged population, e.g. 88% of population above 65 drink tea, this percentage drops to 73% among younger population (15-34 year old). “Breakfast tea” accounts for close to 90% of sales value is declining as younger generation moves away from tea to other alternatives.
China is the leading producer of tea in the world. According to estimates China’s tea market (off trade) is estimated to be worth USD 3 bn in 2010. The tea market has witnessed an explosive growth in last five years, during this period it is estimated that China’s tea market almost grew by 400%. While all tea types have contributed to the growth, the key driver is rise of instant tea segment which is gaining significant popularity because of its convenience. The prospects of China’s tea market are bright in-spite of issues such as low productivity, inflation, unfavorable weather conditions, etc.