econlife on ‘Households’

In a circular flow model, households are the source of consumption expenditures and land, labor and capital for businesses. Econlife looks at all of the activities of households that include spending, taxes, education, health care and income.

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    Cotton or Corn?

    Mar 30, 11 • 116 Views • Demand, Supply, and Markets, Developing Economies, Households, International Trade and FinanceNo Comments

    One farmer told the NY Times, “It’s going to be cotton stalks everywhere.” With cotton prices soaring, acreage in Texas and other Southern states that had been used for wheat or corn now has cotton growing.  The result? A smaller...

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    The Amazing Washing Machine

    Mar 28, 11 • 98 Views • Developing Economies, Environment, Gender gap, Households, Innovation, Labor, Macroeconomic MeasurementNo Comments

    In one wonderful 9 minute TED talk, Swedish professor Hans Rosling connects the washing machine to empowering women, educating children and diminishing world poverty. The Economic Lesson When women are empowered, not only is the gender gap diminished but also...

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    Peanut Butter Prices

    Mar 25, 11 • 114 Views • Behavioral Economics, Demand, Supply, and Markets, Households, Macroeconomic Measurement, Thinking EconomicallyNo Comments

    Let’s say that you saw the price of Skippy peanut butter, Tropicana orange juice, and Quaker oatmeal went up. Would you be concerned about inflation? In a recent paper, researchers from Yale and the University of Chicago said it is a bit more...

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    We Are Living Longer

    Mar 20, 11 • 99 Views • Gender gap, Government, HouseholdsNo Comments

    Using data for 2009 from death certificates in all 50 states, the national Centers for Disease Control has concluded that we are living longer. A male infant’s projected life span has risen .2 years to 75.7 while a female infant’s life expectancy...

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    Soda Wars

    Mar 18, 11 • 211 Views • Businesses, Demand, Supply, and Markets, HouseholdsNo Comments

    Diet Coke just pushed Pepsi out of the #2 spot in soda sales. Other soda facts… As reported by Beverage-Digest, Coke (17%) remains the most popular carbonated soft drink with Diet Coke (9.9%) next and then Pepsi (9.5%) and Mt. Dew (6.8%). The number...