Introduction The butterfly effect is a concept from chaos theory that illustrates how small changes in initial conditions can lead to vastly different outcomes. It symbolizes the unpredictability and interconnectedness of complex systems. Meaning The term comes from the idea that a butterfly flapping its wings in one part of the world could eventually cause […]
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The world economy has undergone significant transformations, driven by globalization, technological advancements, changing consumer preferences, and the rise of knowledge-based industries. These shifts have redefined global trade and economic paradigms, shaping the current global economic landscape. Understanding the key features of this transformation provides insight into how the “Make in India” and “Digital India” initiatives
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