This week’s everyday economics include competition, oligopoly, marginal cost and benefit, GDP growth, unemployment, supply and demand, OPEC, redistribution.
Subsidies and taxes determine the price of gasoline. Whether gasoline is cheap or expensive, its price affects people’s incentives and national tradeoffs.
By Madeleine Vance, guest blogger and student at Kent Place School. As of late, younger Japanese citizens are choosing to live the single life rather than get married. But why? Seven years ago, Japan’s population climaxed at 128 million, but…
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.
