This week’s everyday economics include competition, oligopoly, marginal cost and benefit, GDP growth, unemployment, supply and demand, OPEC, redistribution.
This week’s everyday economics stories included spillover, externalities, incentive, opportunity cost, sovereign debt, demand and financial intermediaries.
We should cancel daylight saving time because studies show that the opportunity cost of energy use has changed since Ben Franklin suggested “early to rise.”
Central planning through large firms could not replace the consistency and environmental benefits of a zabaleen system for trash removal In Cairo, Egypt.
Half of the Valley Fair Mall is in Santa Clara, CA while the other half is in San Jose. Because San Jose has a minimum wage of $10.15 while Santa Clara’s is $8.00, the stores at the mall have a problem. Minimum…
Like athletes use music before competing, so too can we energize our human capital at work with music that empowers us physiologically and psychologically.
When larger vessels use a wider, deeper Panama Canal, they will create economies of scale and shift the invisible lines that show worldwide supply chains.
econlife®
Connecting economics with everyday life.
Located at the intersection of current events, history, and economics, econlife® slices away all of the layers that make economics boring and complex. We like economics and we would like for you to like it too.
