Starting from this April onward, the national living wage in the UK is projected to increase by 5% for those age 25 and over, from £7.83 to £8.21. According to the Low Pay Commission (LPC), this increase in minimum wage is estimated to benefit around 2.4 million workers, handing full-time workers a £690 annual pay... Continue Reading →
We all enjoy free things because we can simply accept the offer of the good and are able to enjoy the product for whatever worth it may bring to us without picking out a single dime from out pocket. However many free things there are, there is always a cost to something for existing as... Continue Reading →
It is undeniable that we do not care about the future. We, as in the majority, does not consider the long term effects that our actions could contribute to the future, as long as we survive today. We always strive for efficiency and sustainability, for now but not for the future. For instance, we cut... Continue Reading →
Public goods are any good or services that are non-excludable. These types of goods don't require consumers to pay, and yes they exist. Let me explain. Public goods are usually made by the order of the government and usually through the request of the citizen in the country. these goods are Roads, public school, public... Continue Reading →
Chicken nuggets, the stuff of a childhood dream. Grounded mystery chicken parts, covered in crispy breading, everyone loves it. Chicken nuggets have been a staple in households for decades, in 2018, Americans ate 2.3 billion servings of it. Although the consumption of chicken nuggets in America is still large, its demand is observed to decline... Continue Reading →
Recently, there has been a lot of power cuts in Phnom Penh, especially regions further away from the heart of the city. Due to low water levels, dams have not been outputting enough electricity from the power station to reach everywhere in Phnom Penh. According to PhnomPenhPost, currently, Cambodia lacks 400 MW of electricity, which... Continue Reading →
In the drug black market, there can sometimes be a lot of competition and those who stay on top will place barriers. This means there are a lot of issues in regards to market share and security and thus there rise drug cartels. Some successful groups of drug traffickers will want to avoid unnecessary conflicts... Continue Reading →
Brexit is due to take place on the 29th of March, and businesses are concerned about whether this exit from the EU will involve no deal, and the effects that could cause. A recent article published on BBC news talks about a prediction made on the price of cherry tomatoes in the UK to cost... Continue Reading →
Toys R Us is a famous toy retailer company that is loved by families across America. The toy company was first opened in 1948, under the name of Children’s Bargain Town Last year, Toys R Us is closing over 800 of its stores across the US and had filed for bankruptcy due to the immense... Continue Reading →
Calculators are extremely essential equipment to use for efficient mathematical computations and because of this, we are able to do our work with maths better. If made it through high school, then you probably have used one of the "graphing calculators" and if I were to guess, you have used the TI-84 graphing calculator or... Continue Reading →
Modern Economists 