Advantages And Disadvantages Of Smart Grid

My prediction is that GDP will increase steadily in the future. According to econedlink.org, a nation’s maximum or potential GDP or its potential output is the highest level of output that can be maintained over the long term, given any constraints on the nation’s productive resources. And a limit supply of labor, natural resource, service and capital will result in the limit of potential output, which means, the limit of GDP (2015, econedlink). Besides, according to our textbook, the determinants of economic growth to which we can attribute changes in growth rates include four supply factors: changes in the quantity and quality of natural resources, changes in the quantity and quality of human resources, changes in the stock of capital goods, and improvements in technology (2015, McConnell)

The economy of India is the tenth-largest economy in the world by official GDP (Gross domestic product) of $2.047 trillion and the third-largest economy by PPP (Purchasing power parity) of $7.277 trillion retrieved on October 8, 2014 from the IMF (International monetary fund). India is one of the G-20 major economics, a member of BRICS and a developing economy that is among the top 20 global traders according to the WTO (World trade organization) with a GDP growth of 4.7% in 2013 and an estimated growth of 5.6% in 2014. India was the 19th-largest merchandise and the 6th largest services exporter in the world in 2013 with exports of software, petrochemicals, agricultureproducts, engineering goo, transportation

storms, powerlines and trees are a huge bother people will be needed to help get the electricity up

The energy crisis in America is often placed on the back burner to the average American citizen. Generally, one will only care about this crisis when the price of gas changes. The energy crisis, however, is a prominent issue as it is “ongoing and getting worse, despite many efforts” (Rinkesh). The world’s natural resources, such as oil, coal, and natural gas, cannot supply the world’s increasing demand. The amount of crude oil available is only 2 percent higher than the demand for it (Muise). If the demand expands any higher, then the limited supply of natural resources “will be gone for good” (“Learn about Energy”). It is projected that there is enough oil to last 34 more years, enough natural gas to last 53 more years, and enough coal

India is expected to grow to 65% by 2030.7 This trend results in the increased consumption

Without a doubling of Americas capacity to feed and house itself somewhere where there’s electricity, there is no way to see everyone through such a period. And no one is even trying, except for handfuls of survivalists/preppers. They are individually preparing for a Mad Max sort of post-apocalypse era, where bullets matter as much as dried food.

Last week thousands of people were out of power for days due to power lines being interrupted during a severe thunderstorm. These power outages have forced city officials to rethink how power is supplied.

As we head towards the next millennium, no longer are there a few, traditional forces to lead the world economically. "Third-world" nations, such as India, are beginning to harness their manpower into greater modes of production, which signifies the end of "superpowers," and the beginning of economic parity throughout the world. In this age of globalization, it is becoming quite clear that no longer can the United States dictate world order. In the coming years, expect interdependence from every country, which will eliminate the state of the superpowers as we know it. India, which maintains the world’s largest democracy, is one nation that is making strides to assert their presence as a world power.

One of the most significant problem faced by India which is restraining it to become a super power.

In Europe, around 300,000 houses are not interconnected to the main electricity grid (Lymberopoulos & Zoulias, 2008). These houses are located in remote areas such as islands and mountains. Currently, fossil fuel based generators do the electrification of these households. These generators are sometimes supplemented with renewable energy based systems (e.g. PV solar panels or wind turbines). The fossil fuel based generators face problems with onsite fuel availability, noise and local emissions. The renewable energy systems, on the other hand, face problems with the intermittency of the natural source, such as wind or sun. The disadvantages of both systems could be potentially overcome with the introduction of the artificial leaf technology

Most obviously, one of the main issues facing our industry is supply and demand—too many people willing to work for low wages in an industry in which there is too little demand in comparison to what is produced.

Most concerning, out of this flurry of activity, 550M people from SSA in 2040 will not have any access to electricity. This may be attributed to a series of factors ranging from high population growth rate that was not in proportional to the generating capacity, lack of

India represents a complex mix of exotic images and prosaic realities. Exotic images of India encompass elephants and monkeys, curry and naan, bindis and Bollywood. The prosaic realities of India focus on the third-world poverty, the prevalence of outsourcing, and its geo-political location in Asia. However, India has cultivated a thriving, modern business presence, and it is poised to become a global financial juggernaut in the next fifteen years. Over the last two decades, India has experienced marked economic and industrial growth in its own country as well as the global community. The rise of India will have a significant impact, not only on the U.S. economy, but

One can get the measure of India’s resurgent economy from the fact that the world GDP growth is around 4 per cent. For advanced countries, the growth rate is around 3.5 per cent, while India is maintaining its GDP growth

From April to June 2005, India’s GDP grew at 8.1 per cent, compared with 7.6 per cent in the same period the year before. More impressively, India is achieving this result with just half of China’s level of domestic investment in new factories and equipment, and only 10 per cent of China’s foreign direct investment…