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Elasticity of Demand
When dealing with the pricing of a certain good, many factors can equally contribute to an effective price range. Most of these factors deal with elasticity, the response of one variable in question to a change in price. When changing price, usually the demand is directly affected according to the necessity of the good. Determining the elasticity of a good can also determine the direct necessity in society, or the margin for growth in price or production.
US Public Enemy Number One – Healthcare CostsThe most major financial problem for the United States is healthcare costs. Here is why and here is how you can survive this medical mayhem alive.
Something I Can Finally Trust, the GovernmentAs good as a government guarantee. Unless you have been under a rock or in a coma, you know full well that the US government has been been the so reliable in recent decades, particularly financially.
Kenya’s Youth Employment ChallengeThe youth of Kenya, between the ages of ten and twenty-four number 12,200,000, or 35% of the country’s population according to the Population Reference Bureau. Atieno Ndomo, a Kenyan social and political economy analyst says, “Kenya sits on a time bomb of youth unemployment, marginalization, and contemptible tokenistic treatment.” Ndomo reported that 61% of Kenya’s youth are unemployed.
When Will Lending Return to Normal Activity?Have you wondered lately as to why banks are not lending? Or maybe you have heard many conflicting economic news such as some economists telling us we should be concerned with Deflation while some are adamant that Inflation is the major economic threat. Read this article to find out the possible outcome, what may cause it and its connection with the lending activity or inactivity.