Skip to main content

Home/ M2016 Economics SL Mr. Friedman/ Group items tagged Income

Rss Feed Group items tagged

Benndorf J

Income Elasticity and what it can tell us about packaged food - 1 views

  •  
    This article explains how the sizes of different packaged food categories change in relation to a variation in disposable income and answers questions like: "Do all categories benefit equally from a rise in income, or do some categories decline when incomes rise as consumers trade up to more premium products?" The article suggests how snack bars and baby food the most elastic and bread and pasta the least elastic and more facts.
Ewumni M

The Importance of Income Elasticity in Decision Making - 3 views

  •  
    This article basically explains what income elasticity is and why it is important. There is a lot of useful information here.
Maria A

Rise in Self-Employed Job Demand - 0 views

  •  
    The average household income is increasing which means that the demand for self-employed workers is on the rise. As the income rises, the consumers are more willing to hire self-employed workers such as lawyers or plumbers more often. This means that the labour of these personally-hired workers is a normal good because when the income rises, the demand rises as opposed to an inferior good.
Bulatovic M

Michigan needs higher incomes if it wants economic growth - 5 views

  •  
    This Article talks about Michigan and its need for economic growth. If the state wants to increase economic growth they need to star with higher incomes. This articles outlines how Michigan has to achieve this growth.
Aminu S

Why coffee shortages won't change the price of your frappuccino - 2 views

  •  
    This article talks about the idea behind Starbucks and how they increase their prices. It establishes a connection between PED and PES. It also talks about how we gone from not appreciating coffee to becoming a caffeine addicted economy.
Kim J

Regularising contract workers will improve aggregate demand in the economy - 1 views

  •  
    This article talks a way to increase aggregate demand in the economy by providing workers with reliable source of income.
Sinmaz S

Turkey's economy: No more boom time | Business | DW.DE | 22.12.2014 - 1 views

  •  
    This article talks about Turkey's declining growth rate and the failures in implementing structural reforms. The article mentions how in the third quarter of 2014 growth rate of Turkish Economy was below expected level and how real disposable income of Turkish citizens seem to be falling. This article is a good read that will teach a lot about economic activities.
Moro E

Call to control rising house prices - 1 views

  •  
    The Help to Buy scheme helps people buy their first houses even if they are on low income but because the prices of houses keep increasing the government is being asked to intervene
Kim J

Why are we spending more on healthcare? - 0 views

  •  
    This article explains the correlation between the increase of average income of people and government budget spent on healthcare programs.
Brennan H

New partnership to further commercialization of graphene - 2 views

  •  
    There is a new partnership to commercialize graphene. Supplies available were low, but now with the new jointed work, they are able to commercialize graphene and graphene technology. Graphene technology is going to help further research. Graphene is used in technology and can advance things that produce large amounts.
Piskin A

Colorado marijuana sales rake in $2 million in taxes in January - 4 views

  •  
    This article is about the excise taxes on marijuana in Colorado. It is important to know that the tax revenue $2 million dolars in January 2013. As marijuana is legal in Colorado, the government gets the best benefit of it by imposing harsh tax on marijuana. Since marijuana is price inelastic because of its addictive nature, the government can impose as much as taxes as it can which can lead to more revenues.
  •  
    This article demonstrates how profitable taxation can be for governments. The example here is that the state of Colorado earned over $2 million in taxes on the sale of marijuana, an addictive product.
  •  
    This article is about the income of the government by the taxes on marijuana which is legal in Colorado
Benndorf J

Why Public Investment? - 0 views

  •  
    The article suggets how economic growth is likely to decrease in the near future and how there may be a global shortage of aggregate demand. However, the article also suggests that investment in the public sector could invert this crises and states that "productivity gains are vital to long-term growth" as they lead to, higher incomes and increase demand.
Bulatovic M

Prices dip bringing inflation to an all-time low in BARGAIN Britain - 0 views

  •  
    This Article talks about the inflation rates in Britain and according to the study they are now lower then ever meaning that money depreciates slower, while the income of the workers increased, this is good for the workers.
1 - 13 of 13
Showing 20 items per page