Blogarama: The Oldest Blog Directory

As part of my job as a researcher I like to read about different topics – I have done work on health economics, labour economics, and more recently firm level economics.  One topi… Read More

President Joe Biden is pushing a federal $15 minimum wage in his sweeping $1.9 trillion COVID-19 relief package, and the policy is only gaining steam in progressive circles. But newly releas… Read More

An anonymous reader quotes a report from Motherboard: On Thursday, Sen. Amy Klobuchar, the incoming Democrat head of the Senate Antitrust Subcommittee, introduced an omnibus bill signaling a… Read More

The stalemate between the government and the farmers’ unions is unchanged despite 11 rounds of talks. The farmers view the new farm laws as a ploy to dispossess them of their landholdi… Read More

Author: Sangin Park, SNU To understand the South Korean economy is to have an understanding of the chaebol, large business conglomerates controlled by their founding families. South Korea&rs… Read More

Last month, amidst college basketball’s March Madness tournament, the Supreme Court heard oral arguments on a lower court ruling regarding college athletes’ earnings. That ruling… Read More

Fewer than 2% of Australian employees work for the minimum wage (now $19.84 an hour). But the federal Fair Work Commission’s annual decision on how much to increase the minimum wage al… Read More

Central Asia’s natural gas producers have only one eager buyer: China. And though China has a growing appetite, it has signaled intentions to source more energy domestically. What does… Read More

The Supreme Court recently held that the National Collegiate Athletics Associate (NCAA) cannot prohibit student-athletes from receiving certain types or amounts of compensation for their ath… Read More

Definition of Economics Economics refers to choices or decisions made by individuals, businesses, and governments regarding the production, distribution, and consumption of goods and serv… Read More

If you’ve ever studied microeconomics, you’re well aware of how fascinating it is. Even so, if you find yourself falling short of a good grade, you’ll have a problem. The g… Read More

Summary: Wage inflation is an increase in nominal wages, meaning workers receive higher pay. Wage inflation tends to cause price inflation and higher growth. The impact of wage inflation dep… Read More

Labour shortages occur when employers struggle to fill labour vacancies because of insufficient labour applying for the jobs. Labour shortages can occur in geographical regions or in occupat… Read More

In the past few decades, there has been a dramatic decline in global birth rates, with many developed economies seeing their birth rate fall well below the ‘replacement ratio’ of… Read More

A high wage economy is characterised by high average incomes, rising real wages and fair distribution of income so the lowest income deciles are well paid. In summary, high wage economies te… Read More

Explicitly talking about America, the millennials have experienced any generation’s most uncertain economic future since the Great Depression.  The Great Recession (which laid off… Read More

By different measures, US corporate profit has increased significantly in the past two decades. It stands at 10.5% of GDP. What is behind the large rises in profit? Source St Louis Fed CP (n… Read More

Markets are places where buyers and sellers can meet to sell and purchase goods and services. Markets provide places for firms to sell their goods and gain revenue. Markets provide places fo… Read More

Assistant Secretary of the Treasury for Economic Policy Ben Harris delivered the following remarks at a public workshop on promoting competition in labor markets hosted by the Department of… Read More

Hi all – below is the text version of our book review of Thomas Piketty’s “Time for Socialism“. The video can be found here. Would be keen for thoughts, and if ther… Read More

As we approach next week’s big summit between the U.S./NATO and Russia over tensions in Ukraine it’s important to understand just where things between everyone stands. Russia&rsq… Read More

Monopsony Definition Monopsony is a market condition with a single buyer and multiple sellers. It is an imperfect market condition—the single buyer is the controlling entity. Simila… Read More

America’s regulators watching big tech firms have shifted their focus from monopoly to monopsony. Monopolies remain a problem. They are when a single company dominates a market from a… Read More

What Is Imperfect Competition in Economics? Imperfect competition refers to a competitive market with multiple sellers, all of which sell non-identical goods and services. The lack of com… Read More

Meniscus Repair Systems Market: Overview The global market for meniscus repair systems is highly consolidated, representing monopsony characteristics with a handful of players accounting for… Read More

Oligopsony Definition  Oligopsony is a market structure consisting of a large number of sellers but a few buyers. Sellers have little negotiation power and compete to sell their good… Read More

Esther Mukumbo is a mom from South Africa, trying to find her way toward financial independence. She has over 10 years of experience in Development Finance and Banking and is a director at a… Read More

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The Great Currency Reset And Why Europe Is Trapped Authored by Tom Luongo via Gold, Goats, 'n Guns blog, There’s a lot of news flying around about the changes happening i… Read More

Market Economy Definition A market economy (ME) refers to a form of economic system where businesses and consumers drive the economy with minimal government intervention. In other words… Read More

So much of chain retail has an issue with boring, even as the nation returned to in-person shopping this year. The Plan-o-gram department rules, and merchandise mixes, decided from top down… Read More

Pricing Power Definition Pricing power refers to the power of an entity to choose the desired price for its product or service without the risk of losing its demand or customer base. Gene… Read More

Luongo: The G-7 Squawks But They've Already Lost The War Against Russia Authored by Tom Luongo via Gold, Goats, 'n Guns blog, So, the G-7 leaders are in agreement, more war wit… Read More

Wind Power Rates May Bottom Out For Prelims What are reverse auctions? When companies bid to offer the lowest price to sell a product. This is often done in case of a situation of monopsony… Read More

The Luddite fallacy is the observation that new technology does not lead to higher overall unemployment in the economy. New technology may cause disruption and some workers to lose their job… Read More

In the aftermath of the invasion, the Russian Ruble rallied, becoming one of the best-performing currencies in the world. This perplexed many commentators, who assumed sanctions on Russia wo… Read More

The Singaporean combat promotion ONE Fighting Championship is not well known in the West. ONE FC just made their American debut with their first live event aired on Amazon Prime, one of 25 b… Read More

Swings and roundabouts? Public sector pay, vested interests at play at our expense This article is part of our series where we take a look at bad ideas motivating recent political decisio… Read More

A lot of workers are taking industrial action in the UK, from rail staff to rubbish collectors. The most unusual protest over pay comes next week when thousands of criminal barristers go… Read More

The number of job openings has been sky high over the past year in the red-hot labor market. But some job seekers are still striking out, especially as the economy faces headwinds. That co… Read More

Trickle down economics is a term used to describe the belief that if high-income earners gain an increase in salary, then everyone in the economy will benefit as their increased income and w… Read More

White Label branding is the process of procuring third-party manufactured products and selling them under a retail branding banner. The logo and all other branding inputs on these items are… Read More

Bit by bit, Western companies and governments are reassembling their rare earths supply chain, trying to reverse decades of the hollowing out, outsourcing, and offshoring of the critical ind… Read More

The Federal Trade Commission (FTC) is seeking to block Microsoft from acquiring Activision Blizzard. An independent agency of the US government, the FTC alleges the $69 billion deal would… Read More

One month after announcing their intention to organize, QA workers at ZeniMax Studios vote to unionize. According to a press release from the Communications Workers of America (CWA), the wor… Read More

Chennai, April 24 (IANS) The Indian corporate sector is a mix of large and small players and it is factually incorrect to conjecture that industrial concentration power dictates their pricin… Read More

For analyzing an industry efficiently, it is essential to consider various competitive forces and how they interact with each other to create pressure on one another. These factors decide th… Read More

Defination of Pricing Pricing in the context of markets refers to the process of determining the value or cost of a product or service and setting a monetary amount that consumers are w… Read More

Today’s links How Amazon transformed the EU into a planned economy: Monopsony, junk fees and market power. Hey look at this: Delights to delectate. This day in history: 2008, 2013, 201… Read More

LOS ANGELES, CALIFORNIA – JUNE 16: Rory McIlroy of Northern Ireland shares a laugh with Brooks … [+] Koepka of the United States on the 13th hole during the second round of th… Read More

LOS ANGELES, CALIFORNIA – JUNE 16: Rory McIlroy of Northern Ireland shares a laugh with Brooks … [+] Koepka of the United States on the 13th hole during the second round of th… Read More

LOS ANGELES, CALIFORNIA – JUNE 16: Rory McIlroy of Northern Ireland shares a laugh with Brooks … [+] Koepka of the United States on the 13th hole during the second round of th… Read More

Author: Stewart Paterson, Evenstar China has made clear its discontent with the role of the US dollar in the international economy and its intention to internationalise the RMB as an alterna… Read More

Lemme know if you heard this one before: The game’s No.1 superstar under the age of 35 lets it be known that he won’t sign a contract extension at his club, Paris Saint-Germai… Read More

A monopoly is a separate market structure in which a single entity or provider dominates the entire market for a specific product or service. In this section, we will look at the fundamental… Read More

To revist this article, visit My Profile, then View saved stories.To revist this article, visit My Profile, then View saved stories.Cory Doctorow“Tech exceptionalism” is the sin… Read More

According to Kotak Institutional Equities, listed defense firms need to execute yearly defense orders totaling Rs 1.4 lakh crore to justify their current stock values. The brokerage said in… Read More