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Contents contributed and discussions participated by Ojabo V

Ojabo V

The tragedy of the high seas - 5 views

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    This article talks about how our over dependence on the seas are affecting them and in turn affecting us. Since the seas are responsible for so much in human life, the deterioration of the seas could greatly affect different facets of human life such as climate among other things.
Ojabo V

NPPA invites comments on Tata Memorial list of cancer drugs - 0 views

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    This article talks about including 12 new drugs on the list of those under price control. What's unique about these drugs is that they are commonly used by people undergoing cancer treatment. By setting a price ceiling for these drugs, the government hope to make them more accessible to wider range of people and hopefully save more lives.
Ojabo V

Brazil hits imported cars with tax increase - FT.com - 0 views

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    The government of Brazil decided to place an excise tax on imported cars in order to help its local industry of motor vehicles. This increase in price is done to discourage foreign purchases and encourage local purchases.
Ojabo V

Supermarkets could start to close, warns Waitrose boss - 0 views

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    This article talks about how large grocery retailers have had to postpone opening new supermarkets and might have to close down existing ones because of a decline in sales and decrease in income. Because general consumer income is spent less on food and increasingly on other goods like clothing, the quantity of food demanded by the public is going down and this fractional decrease is affecting the retailers.
Ojabo V

Coffee Cravers Ignoring Bean-Price Surge for Caffeine Fix - 1 views

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    According to this article, there is a sharp increase in the price of beans used to make coffee drinks and therefore an increase in the coffee drinks themselves but it is not affecting the amount of people that still purchase the coffee. The article states that the people are very committed to their coffee drinking the substance in an almost 'ritualistic' manner. In this circumstance, the coffee can be thought of as having very inelastic demand.
Ojabo V

Oil Prices Set to Stay Weak as Supply Overwhelms Demand - 0 views

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    This article talks about the sharp decline in oil prices this summer after an abundance of the good was extracted. The article also points out that the demand for oil still remains relatively constant. This increase in just supply - in accordance with the price mechanism - brought down the global price of the commodity in order to once again equilibrate the market.
Ojabo V

With costly bananas, apples and grapes, orange becomes favourite fruit this season - 1 views

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    This article addresses the demand for oranges in India. As the price of these substitutes of oranges goes up, naturally the demand of these goods go down. The result of the lowered demand of these goods is the rise in demand of the oranges.
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