Cardinal numbers designate quantity, how many of something you may have. Ordinal numbers designate an order in which we count. Let us say that you ask the teacher in your class a question, and once she answers it someone has something to add, or perhaps object to. This is a classroom – and the pursuit of knowledge is a little different from commodities in a market.
To begin with different brands
of sneakers compete with each other, to sell more shoes at a price that can
maximise their margin. If Reebok came to a mall before Addidas or Nike it will
sell more shoes in that mall. Unlike a classroom, which are often governed by a
curriculum brands are more like sections of a class, with the consumer like the
principal of a school – who may compare how each section is doing – and choose
to mention the best performing one during the morning assembly.
The Drug Controller General of
India, in the wake of the Coronavirus pandemic – has already approved two
vaccines, one made by Astra-Zenecca and another made by Oxford University. These
will be joined soon by Bharat Biotech’s Covaxin. This drug is presently in
Phase III clinical trials – which mean it is being tested on a large number of
humans to see how effective it is. From an economic perspective this would mean
how effective are the two doses delivered at preventing the contraction of Coronavirus.
It is not common for a drug to
be administered to a population prior to complete testing. Even if we were to
consider that this is a pandemic and we do need vaccination, there are already
two other candidates which have been tested and approved. This makes the rushed
entry of Covaxin into the market appear as a ploy merely to jump on the Coronavirus
vaccine bandwagon. This is pressing for a company as governments across the world
have, and are already ordering millions of doses.
This situation is not lost on
our leadership, with MP Shashi Tharoor calling on the Health Minister Harsh
Vardhan – asking how this was permitted, stating that the approval of Covaxin may
have been pre-mature.
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