Thank you sir. Will definitely try to read some more on the subject including the one you suggested.BE ( Mech) here with an embarrassingly low knowledge and interest in economics. It's not known as a dismal science for nothing. Off late, I realised that my low knowledge quotient on this subject was too low for my own good. Got around to buying a few books to improve my knowledge. That was a year ago. I guess time to start reading them now. Here's one of those purchases.
A Beginner's Guide to the World Economy: Eighty-one Basic Economic Concepts That Will Change the Way You See the World (Vintage) https://www.amazon.in/dp/0375725792/ref=cm_sw_r_cp_apa_i_0W8GCb93XG70C