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Showing posts from November, 2022

Raise of Amul and farmers of India

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India is the world's largest milk producer, and the milk is exported not only to different parts of the country, but also to different parts of the world. The situation was not the same in the 1940s, when farmers were struggling to sell their milk because contractors offered it at a lower price. The farmers went to Sardar Valabai Patel to ask for a solution to the low-cost prices that the vendors had offered them, and as a result, the contractors who act as an intermediary between the customer and the farmers made more money. Patel ji advised the farmers to form a cooperative union and lobby the Bombay government to purchase products directly from the union rather than from contractors. Patel ji also advised farmers to join hands together and go on strike if their demands were not met by the government. He summoned Morarji Desai to assist the farmers throughout the process, and the farmers gathered together to form the Kaira District Co-operative Milk Producers Union Limited. The o...

How does Uber make Money?

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Uber is a tech giant in the current corporate world whose main goal is to make it simple for customers to find transportation. The application needs internet access, and when a user requests a ride, it finds the ride on its own. Users find this to be very helpful for the following two reasons: first, they avoid having to manually call people to inquire about their availability and look for ride slots; second, the cost of the ride is very reasonable. Since I frequently use local transportation, I find Uber to be more advantageous than looking for a car in my area because the prices are low and haggling is not necessary. When the business was operating profitably, it encountered a situation where its business model did not work in areas where there were more riders and fewer drivers, and vice versa. Uber proposed an algorithm to address the issue by increasing the weight of a parameter that is used in determining the total cost. This would mean that costs would increase when demand...