The demand-side constraint on business dynamism in India
urbanomics.substack.com
In the context of the debate on formalisation of the economy, I have written that the transition will remain constrained by the demand for formal products and services. Formalisation adds a layer of cost that increases the price. The higher price, in turn, reduces the demand. There’s only so much demand for
The demand-side constraint on business dynamism in India
The demand-side constraint on business…
The demand-side constraint on business dynamism in India
In the context of the debate on formalisation of the economy, I have written that the transition will remain constrained by the demand for formal products and services. Formalisation adds a layer of cost that increases the price. The higher price, in turn, reduces the demand. There’s only so much demand for