Estimated GDP per capita of India and United Kingdom during 1700–1950 in 1990 US$ according to Maddison. However, Maddison's estimates for 18th-century India have been criticized as gross underestimates, Bairoch estimates India had a higher GDP per capita in the 18th century, and Parthasarathi's findings show higher real wages in 18th-century Bengal and Mysore. But there is consensus that India's per capita GDP and income stagnated during the colonial era, starting in the late 18th century.
Do you want to earn $100, $1000 — or even more — on the side? You can start earning extra income today with the help of this list of ideas I’ve put together. Spend an hour or two each day working on items that are practical for you, and you can build alternative income sources to help you improve your financial situation While many of the items on this list are passive income ideas, not all of them are. Some items require you to actively work for success.
It is always fun (when things are going well!) to look back at the various streams to see what’s working and what’s not. I found that a lot of my angel investing just wasn’t working well, fortunately it wasn’t a lot! Side businesses are always nice, vs. pure investments, because of actual control. Plus you can shut it down if things go south… hard to tell someone (and convince them when you’ve only kicked in a few bucks) that it’s time to close up shop and return some capital.
"Full income" refers to the accumulation of both the monetary and the non-monetary consumption-ability of any given entity, such as a person or a household. According to what the economist Nicholas Barr describes as the "classical definition of income" (the 1938 Haig-Simons definition): "income may be defined as the... sum of (1) the market value of rights exercised in consumption and (2) the change in the value of the store of property rights..." Since the consumption potential of non-monetary goods, such as leisure, cannot be measured, monetary income may be thought of as a proxy for full income. As such, however, it is criticized[by whom?] for being unreliable, i.e. failing to accurately reflect affluence (and thus the consumption opportunities) of any given agent. It omits the utility a person may derive from non-monetary income and, on a macroeconomic level, fails to accurately chart social welfare. According to Barr, "in practice money income as a proportion of total income varies widely and unsystematically. Non-observability of full-income prevent a complete characterization of the individual opportunity set, forcing us to use the unreliable yardstick of money income.
Sonme months back, I heard the founder of Tastykhana.in in a TIE talk, where he shared that when they desperately needed some money in the starting years of their business, that time – one of the employee of an IT company put in Rs 1 lac in their business and within a year or two, he got back 20 lacs return through an exit option when they got funding later (it was something like this, if not exact)
Blogs and authority websites are different than niche websites, because they generally imply on-going content generation. Sure, I could stop writing on this blog today and let it sit forever, but that’s not the intention of the blog. Furthermore, blogs and authority websites tend to include a community or social aspect. We have Facebook pages and Twitter accounts (can someone explain to me why the hell I haven’t made a Facebook page yet?), and we discuss various topics in the comments of each article or blog post. Although SEO does affect traffic, community is more important.