Supply & Demand
Avocado, tomato prices rise substantially due to weather | NL Times
Cold weather in Southern Europe and empty Dutch greenhouses due to high energy bills have resulted in empty vegetable shelves in the Netherlands. Tomatoes, peppers, cauliflowers, and avocados are in short supply - and their prices have risen accordingly, the Telegraaf reports.
Junk Fees, Bundling and Unbundling
Joe Biden harped on junk fees during the State of the Union. While I do not think it is the problem of our time, I take things in the reference class of resort fees, or fees to have adjacent seats on an airplane, and other such unbundling (and bundling) surprisingly seriously. I am putting up my thoughts here so I have a reference to fall back upon.
Role of the price mechanism in allocating resources in an economy
Question: Explain the role of the price mechanism in allocating resources in an economy
As resources are scarce relative to the insatiable demands of human wants, economies are concerned with basic questions of allocation. The free market price mechanism (is the forces of demand and supply) answers the questions of- What and how much to produce? For whom to