A legal battle between Yorkshire’s last commercial Brussels sprout grower and German retail giant Aldi has brought key economic concepts to the forefront. The case highlights the economic implications ...

The measure of how effectively economic growth reduces poverty, with higher elasticity indicating stronger poverty reduction.

In the world of economics, theories often serve as a lens through which we attempt to understand complex human behaviour and market dynamics. These theories, however, rely on simplified assumptions ...

This "Challenging Assumptions" video highlights critical instances where common economic theories rely on simplified assumptions that may not hold true in real-world scenarios Assumption: Consumers ...

From next April, households in England and Wales will face a sharp rise in water bills—an average increase of £86 in the first year alone. This is no small splash: it’s part of a planned 36% hike over ...

What has been happening to global production per capita for selected fruits, vegetables & nuts? Using these OurWorldinData data charts about per capita food production of fruit, vegetables and nuts, ...

Patents play a significant role in shaping market profits by granting firms exclusive rights to produce, use, and sell their innovations. This legal protection affects profits in various ways: Patents ...

Post-Brexit non-tariff barriers have led to a sharp decline in British food exports to the EU, costing the UK economy an estimated £3 billion annually, according to a new report. Since Brexit, UK food ...

Profits vary across industries due to a combination of structural, operational, and market-specific factors. These factors influence a firm's ability to generate and sustain profits over time. Here’s ...

Professor Richard Easterlin (1926–2024) leaves behind a profound and multi-faceted legacy in the field of economics. As a distinguished professor of economics at the University of Southern California, ...

A tutor2u account is absolutely free and gives you full access to this resource...and much more! Geoff is co-founder of tutor2u and highly experienced Economics teacher, examiner and author. Geoff is ...

Nations experiencing high levels of political instability, conflict, or economic fragility, often requiring significant job creation to stabilize their economies.