Weekly Roundup: From Playing Monopoly to Flying Drones

Our everyday economics includes BRICs & MINTs, supply, monopoly, tradeoffs, economic consensus, innovation, property rights, redistribution, fertility rate.

The Reason For Our Chocolate Problem

The chocolate deficit is a supply and demand story with weather and fungus problems on the supply side and demand up from developing nations.

What Refrigerators Can Tell Us About Global Markets

In refrigerators in developing nations, we can see the impact of affluence on their diet and on supply and demand that will change worldwide food prices.

Why Would the Nigerian GDP Double Overnight?

We might have to say BRINC rather than BRICS. As a developing nation with the highest GDP in Africa, South Africa has been the “S” in BRICS (Brazil, Russia, India, China). Now though, Nigeria has raced ahead. During one weekend…

One Reason That Chocolates Are More Expensive

In an econlife post from September 2013, we presented a spending ladder that emerging market nations like the BRICs–Brazil, Russia, India, China–might climb. At each rung, spending surges and then flattens at that higher level until consumers can afford to climb…