World trade is the exchange of goods and services and capital across international borders based on the principles of markets, where price acts as the primary regulatory mechanism. The patterns of world trade are shaped by the forces of demand and supply of goods and services and capital along with the pricing mechanism of markets whereby demand, supply and prices co-determine each other. The world market however, is not completely autonomous and countries and institutions place legal regulations...
The economic situation and policies of the states has a direct bearing on economic welfare, and hence has significant impact on consumption demand. Although hitherto neglected, it can easily explain the fluctuations in consumption pattern for consumer and other goods, and help in the planning of business strategy.
Forests are one of the most significant reservoirs of carbon. Various global processes and anthropogenic changes are influencing the process of carbon sequestration leading to interruptions in the carbon flux. Under elevated CO2 conditions a possibility of decomposition occurring more than net primary production leading to a loss of carbon is predicted in the forest regions of India.
Bioplastic is an important and exciting new field in biotechnology which promises to help in saving the environment and slow down the depletion of non renewable resources. Bioplastics may be derived from biomass sources, such as vegetable fats and oils, corn starch, pea starch etc., rather than fossil fuel plastics which are derived from petroleum. However not all bioplastics are designed to biodegrade.