This article is an example of aggregate demand. Its states that demand for energy in India would rise and outpace the aggregate demand of other countries like Russia, Brazil, and China. It is determined that India would become the third largest country of energy consumption in 7 years due to the overall demand of the nation's population.

This article shows how economic activity of certain countries like Japan and the U.S., are rising to the levels before the recession of 2008. According to the Organization for Economic Co-operation and Development this an improvement. The economic activity of other countries like China, Russia, and India are also shown.

This article talks about how Obama is focusing on an issue of unemployment inequality. It also states that he is going to pass a bill to raise the minimum wage and execute authority in education and economic development. Obama also highlighted a strategy of "sector partnerships" to bring firms together. This is related to this week's topic because all these situations can affect the whole economy of the nation. Politics are involved because the government passes bills or deals with the situation in some way.

This article talks of the results that happened in Cuba when they abolished all private property rights and turned to communism. This eventually led to the collapse of the Cuban economy. The article mentions, "On the eve of the Cuban Revolution about 80 percent of Cuba's arable land was under cultivation (or used for grazing) and domestic production supplied 70 percent of the country's food consumption." Over grazing of the fields led to similar tragedy of the commons.

This article talks about a future project called the Intrinsic Value Exchange (IVE). It's designed to use our natural assets to help the economy. Its a system that values our economic services rather than penalizing companies that ruin them. It takes on the opposite approach on the problems happening with negative externalities. Watch the video for more interesting info on this topic.

I thought that this article was very related to our topic this week and it is an interesting read. It talks about how an enormous price cut in Venezuela brought about many different effects and mixed emotions. Because of the price cut, people were happy to get things at a very cheap price. However, there were some consumers that were unhappy because of the shortage.

This article talks about how Apple seemingly tried to avoid high taxes by filling returns through a subsidiary because taxes were lower. The government and tax officials will have to take on a better control of those companies under their taxes.

This article talks about how shoppers change their spending habits during the recession in America. 83% of survey respondents say that price is a major factors. They have taken different steps in cutting back on elastic goods like: Switching grocery stores, buying less clothes or not branded clothes. However, shoppers did not cut back on certain goods like meat and seafood, milk, coffee, and alcohol. That is because they are necessary inelastic goods. So even with a lower Income elasticity, people still have to buy inelastic goods.

This article talks about how teams price their tickets in the inelastic portion of their demand functions. To ensure maximum attendance and revenue, they lower the ticket price in order for more people to buy.

This article talks about the Chinese government 'easing price rules' on Sinopec. China's NDRC created a new pricing mechanism for Sinopec's oil which helped make bugger profits.

This article talks about how the Commonwealth ticket sales increased in quantity. The popular sports caused people to buy more tickets to watch that sport. This shows how certain preferred things of people can increase sales. It can also affect the number of tickets bought the next commonwealth games. The number will probably increase in demand, thus the ticket will sellers make more money.

This article talks about the scarcity of fuel in Abuja. Although the elite people in the area are able to acquire fuel, most public transports could not. Without gasoline, the owners of the transportation vehicle could not go to work. This shows how the lack of a certain product can badly hurt a country and resulting in the government having to spend money to appease the people. Fuel is a limited resource of the earth and is considered scarce.