AMU Economics Students Club (AESC)

 The postmodern era has changed many aspects of society, especially how women take part in the economy. Many feminist thinkers and postmodernists believe that financial independence gives women real power. They encourage women to join the workforce, thinking it will liberate them. But in reality, this idea has created a problem: women might have gained financial freedom, but at the same time, they have been given too many responsibilities. They now have to manage both their jobs and their homes without enough help. Instead of reducing their struggles, postmodernist ideas have added more pressure to their lives. Islam, on the other hand, offers a system that removes financial pressure from women. It places the responsibility of earning on men (considering earning as a duty of men), while women have the choice to work if they wish. This article is based on a comparative study of how postmodern economic ideas affect women and how Islam offers an alternative approach that gives them b...

 “While legislative representation is a critical aspect, it must be complemented by measures that empower at the grassroots level.” Women's empowerment has emerged as the center of discussion among social scientists, as it is seen as a necessary condition for women's and national development. Recently, women's economic empowerment [WEE] has gained prominence. WEE looks at women's empowerment from various development angles, such as economics, social rights, education, gender equality, ownership over assets, household decision-making, and political participation. Economic empowerment has paved the way for women in various sectors, including Politics globally and in India. India, the world's largest democracy, has seen gradual but slow progress in increasing women's political representation. One key indicator is voter turnout among women. In 1962, the turnout was 46.6%, and by 2024, it had significantly increased to 65.8% during the 18 Lok Sabha Elections. The num...

by U dba Fatima  Women play a pivotal role in India’s economy, both as active consumers and powerful influencers. The growing purchasing power of women has transformed the retail industry, while the media continues to shape perceptions of women and their buying decisions. This article explores how media and women’s consumer behavior together impact the economy, especially the retail sector. The media, through advertisements, movies, and digital platforms, plays a significant role in shaping societal perceptions of women and influencing their consumer behavior. Platforms like Instagram often feature influencers promoting luxury fashion or skincare products. Women in the media are often shown as symbols of beauty, strength, or homemakers. These portrayals influence both how society sees women, by reinforcing stereotypes or idealized images, and how they perceive themselves. These portrayals directly affect sales in industries like fashion, beauty, and household products. Moreover, th...

by Mohammad Sabith P Walking through a small-town marketplace. A vegetable seller charges what his neighbours can afford for his fresh produce, while not far away, a woman runs a cooperative where everyone receives equal shares of the profits. Across the road, a young man tries to sell organic products but is undercut by cheaper, mass-produced goods.  This bustling scene illustrates the complexity of real economic life. Some vendors prioritise competition and profit, while others focus on fairness, cooperation, and sustainability. Such diversity shows the limitations of traditional economic models, which often simplify the reality of how economies operate.  Alternative economics emerges to capture these varied perspectives. It challenges the mainstream belief that markets are solely about rational actors and efficiency, instead addressing real-world complexities like power dynamics, social justice, and environmental limits. Economics, fundamentally, is about how we allocate re...

  “Charting New Territories”: The Journey of MNC’s Establishing Bases in Foreign Markets Fatima Siddiqui 1 , Md. Arifur Rahman Rifat 2, Syed Faizan Parvaiz 3   A Multinational Corporation (MNC) is a business that is incorporated in one country but operate in multiple countries, often spanning continents. The concept of Multinational Corporations (MNCs) has a wide and evolving meaning. Traditionally, MNCs were defined mainly by their structure, focusing on how they operated across borders through distribution, production, and services, essentially extending the parent company's operations beyond its home country. However, with globalization, the lines between businesses, countries, and marketing strategies became less clear. This change is reshaping how we understand MNCs, as they adapt to a more interconnected world. MNCs have been around for a long time, even before the modern world . Ancient civilizations like the Phoenicians (today’s Lebanon) traded across dif...

by Monis Nabi   Published In Aligarh magazine.  On the 15th of August 1947, India finally achieved its freedom from British rule through the joint efforts of many political parties, like the Indian National Congress, and by the beginning of the year 1950, the Indian Constitution was in its full effect. However, these secular democratic political parties were not alone in the freedom struggle; there were various other movements and radical socialist organisations too, some of them being Silk letter movement and the Hindustan Socialist Republican Association (HSRA), previously known as the Hindustan Republican Army and Hindustan Republican Association (HRA), which played a role in the independence of the country. At last the country got its independence from the colonisers. When the movements led by the Indian National Congress were in full flow, there was no other political faction that could challenge the British, like the Congress. Hence after the independence, there was...

The idea of “trickle-down” originated from political debates to describe the economic policies of a party or politician. There was never a formal concept of “trickle-down economics” in the sense of economic theory. The term-of-art was used to describe policies that directly benefited to rich but were justified by arguments they would ultimately also benefit the middle class and poor. In fact, The term was first introduced by humorist Will Rogers in a column critiquing then-President Herbert Hoover’s economic policies.Trickle-Down Economics is an economic theory that suggests benefits provided to the wealthy and businesses will eventually "trickle down" to the rest of the economy. The theory posits that tax cuts, deregulation, and policies that benefit corporations and the rich will spur investment, job creation, and economic growth, which will benefit all economic classes. Government of India  passed a law in August 2019 to cut corporate tax rates, the rate for existing compa...