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Jan d

Almost half of the world's food thrown away, report finds - 1 views

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    This article truly scares you with all the facts about food. It is a pity how mass food production turns out to be 50% inefficiently allocated and at the same time huge consumer of water for growing the crops. If all food produced was adequately allocated, there would be probably enough food for all people and therefore it would be almost completely accessible for general public. At the same time also water could be consumed more effectively instead of wasting it for pointless excess in food production which turns out to be industrial waste. Water - meaning the drinking water was never a Common, however nowadays it all appears this situation is getting only worse and taking into account its fruitless use, some measures should be taken designed with sustainability in mind.
Roman p

Let's use price to allocate resources - 2 views

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    This article talks about the tramendous increase in price of one resource after an earhquake. If there are only a few resources the price will increase as the demand stays the same or even increses.
Sebastian a

$3000 gamble on nissan car - 2 views

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    the article is showing that the cheapest car in the market is sold for $8000 and nissan is now introducing a $3000 model. This is dangerous for the other car because it might take away many consumers. this article shows how the price of the car is lowered.
Jan d

Two productivities - 0 views

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    This article suggests a few correlations between big cities and housing productivity and productivity in output of tradable goods. Besides that, also externalities are mentioned as justifications to those corollaries. To put negative externality stated in the article more like economics, MSC = MPC +- externality ("congestion, blocked views") so this is an inefficient allocation of society's resources and therefore increasing demand for government's regulation on housing. Although there already is a large gap between firms' input in housing and housing costs, this bolsters the whole situation. As a consequence, people in big cities actually pay higher cost for housing than it already is.
Valentin a

Deforestation in Africa - 0 views

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    The article states that less than 2% of the African forests are commonly accessible.The deforestation rate is 4 times higher than any other in the world. The resources of the land are not allocated very well. Most of the forests were privatized by big intercontinetal companies, and were cut down by them. Common access resources are becoming rare, especially forests.
Jan d

Euro-Zone Factory Output Rises Again - 0 views

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    The article talks about topic covered already in the title, with some interest to the growth of industry of southern euro-zone countries and exacerbation of German and French production. So obviously, here I can refer to PPF where resources (also human capital) are being used more efficiently; here is the movement inside existing frontier or perhaps even outward shift with improved quantities and qualities of goods (especially capital). Nevertheless, economists still fear the euro-zone might fall in recession again if there are two quarters of consecutive fall (if the economy contracted). The market clearing price of many durable goods can be determined only to some extent, due to the presence of outside disturbance (fiscal and banking crisis - therefore always introducing new policies and bail-out deals). Another thing associated with the previous sentence and the article is the price mechanism (interaction of demand and supply) which allocates resources. Under unstable circumstances which are currently taking place in euro-zone, incomes are plummeting (falling GDP per capita) except for some particular periods of time when the economy meets actual growth, meaning that there is less demand leading to an inverse effect for producers. Normally, producers wish to supply more at higher prices, especially if income of people soars so they buy more of that goods. Therefore, higher prices do not present an incentive for producers to produce more. All the producers want to increase their producer surplus; but the trend is clear - towards maximized community surplus, since producers depend on consumers' utility.
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