Friday, January 30th, 2009
DB warns of packaged beer price rise next year - Breweries news - NZ Herald - NZ Herald News
The article presents the situation of suppliers in the packaged beer market. The suppliers are warning consumers that the price of beer will go up, due to the mounting costs of the factors of production, such as [...]
Continue reading about Rising costs mean higher beer prices in New Zealand »
Posted in Determinants of Demand, Determinants of Supply, Elasticity, Factors of Production, IB Economics, IB Student Blogs, Law of Demand | 7 Comments, add your own » |
Wednesday, September 26th, 2007
Washington Post- Should Drinks Like Gatorade Sport the “Junk Food” Label?
We know that there is currently a bill that, if passed, would allow the government to limit the amount of junk food sold in schools in the United States. Among the proposed restricted items are soda, candy bars, and I guess cupcakes, all ofwhich nobody [...]
Continue reading about Gatorade Ban: Are You Serious? »
Posted in Determinants of Supply, Law of Supply | 5 Comments, add your own » |
Wednesday, September 26th, 2007
It looks like iTunes’ era of monopoly could be coming to an end.
Amazon Digital Music Store Goes Online
The iPod is the King of mp3 players in this generation, and where do iPod owners buy their music? That’s right, iTunes. Most of us are familiar with the online music store that’s available to not only [...]
Continue reading about iTunes Dethroned »
Posted in Competition, Determinants of Demand, Determinants of Supply, Economic systems, Substitutes, Technology, Trade-offs | 9 Comments, add your own » |
Tuesday, September 25th, 2007
In class, we have discussed the determinants of supply which can be summed up by the acronym of STORES. Here’s an interesting article that talks about the market of 3-D printers.
CNN Money: 3-D printing for the rest of us
Ten years ago, a 3-D prnting machine would cost $120,000 or more and were usually bought [...]
Continue reading about 3-D printing for the rest of us »
Posted in Determinants of Supply, Entrepreneurship, Technology, Uncategorized | 1 Comment, join in » |
Monday, September 24th, 2007
Nowadays robots are often in various industries used to increase output. Blue Chip, a manufacturing shop in Columbus has employed the use of robots to increase their productive efficiency:
CNN Money.com: Need more workers? Try a robot…
“Blue Chip grosses about $5 million a year machining spare parts for the U.S. military. “I always thought robots were [...]
Continue reading about Need more workers? Try a robot »
Posted in Determinants of Supply, Efficiency, Law of Supply, Productivity, Supply/Demand, Technology, Trade-offs | 2 Comments, add your own » |