With more than roads, bridges and railroads, our transportation infrastructure includes the reefers (refrigerated containers) that facilitate globalization.
Contracting because of online competition, Gillette’s dominance of the men’s shaving product market shows the creative destruction that e-commerce creates.
Our everyday economics includes tradeoffs, deposit insurance, supply chain, bias, human capital, income inequality, marriage markets and Federal Reserve.
As cargo ships become larger, the supply chain benefits of their economies of scale are offset by the externalities they create at ports and beyond.
Our everyday economics includes competition, progressive taxes, free trade, externalities, sunk cost, productivity, supply chain, incentives, & tradeoffs.
For consumers and retailers, decisions about delivery speed and price involve tradeoffs with each hoping to minimize the cost and maximize the purchase.
Our everyday economics includes BRICs & MINTs, supply, monopoly, tradeoffs, economic consensus, innovation, property rights, redistribution, fertility rate.
The chocolate deficit is a supply and demand story with weather and fungus problems on the supply side and demand up from developing nations.