GDP (aasan bhasa mai)! Or Unconventional viewpoint on GDP!
What comes to your mind when you think of GDP??? Can you explain it to a 5-year-old??? If your answer is NO! then today I’ll explain GDP to you in the most simplified manner. Let’s take an example. You are a current day tea seller and you sell tea to 4 major customers. These are: A society, a private firm, a government office and to your neighbouring stall whose owner sells coffee. You have a contract with the neighbouring stall owner that if he gets an order for tea, then he’ll direct the customer to you and similarly if you get a customer for coffee then you will direct the customer to him. Now problem is that due to Covid there was a lockdown and the people were not coming out to have tea from your tea stall. So, your sales to society and private firm has not happened from past 3 months and these two sectors have not contributed to your revenue at all. On the other hand, the government offices were transformed into testing centres. This led to increased number of people in