Our everyday economics include consumption expenditures, Pigovian taxes, variable pricing,economies of scale, unskilled labor, national income and the money supply.
Behavioral economists like Gary Becker say that the family is like a factory where land, labor and capital are combined to “produce” goods like children.
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.
