Diwali

Gifting this Diwali Season

Diwali
WO Events

Diwali the festival of lights is just a few days away. It is a time to celebrate all the good things with close family and friends. It is also a time to send a thank you note to all your business and professional contacts for all the help you have...

Mahesh

October 20, 2014

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Deadweight loss or gain this Diwali?

Diwali

The deadweight loss of gift-giving is the loss of efficiency that occurs when the value of the gift to the recipient is less than the cost of the gift to the giver. In this case, economists argue that cash would be a more efficient gift. Diwali/Deepawali/Laxmi Pooja/Dhanteras is the time of...