Food deserts in our big cities? In a previous article we looked at the Law of Supply: That the provision of a good or service is a function of the ability and willingness of a producer to deliver a product. Most of us are familiar with ability. We have seen countless businesses fade into history…
Category: Econ 101
A Loss of Will – The Exodus of Retail Businesses from Cities
It is a law of economics that supply is the ability and will to provide a good or service to the marketplace. What we are seeing recently is the loss of will as businesses are abandoning many of our large cities. It is a law of economics that supply is the ability and will to…
Why ECON 101 – Basic Economics?
The short answer – it is important for people to be informed about economics. The longer answer – economics is a part of life, whether we acknowledge it or not. Wouldn’t our lives be better if we understood economics? Would we make better career choices? Would we make better decisions on what we purchase? Would…
Are We In A Recession?
Such is the measure of double-speak these days that an ordinary word like “recession” is now a matter of debate.
Where Does Inflation Come From?
What causes our current inflation problem? Knowing the cause is important in applying the solution.