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When demand rises with price, it’s not magic — it’s Giffen economics in action. From staple food shifts in rural India to strategic procurement in steel, this article demystifies Giffen goods and equips MSMEs with insights to navigate price shocks and demand anomalies. Learn why these rare economic behaviours matter for your business strategy, stocking, and public tenders as well as logistics.

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Import/export business is a company that either exports products to be sold globally or imports goods to be sold in the domestic market. These organisations have restrictions on the products they can import/export and should obtain the Importer-Exporter Code before starting their business.

Last updated on: Jul 15, 2024
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