Arbitrage (and Egg Prices)
2021-01-24
An arbitrage is when people make money by exploiting a market inconsistency.Keep Reading
Monopolies (and Electricity)
2021-01-10
A monopoly is a business that totally controls its market, because it has no competition and therefore customers have no other options.Keep Reading
Cost Curves (and Cookies)
2020-12-28
Cost curves tell you whether (and how fast) a product is getting cheaper to make.Keep Reading
Collusion (and Maple Syrup)
2020-08-27
Collusion is when business collaboration becomes unfair or anticompetitive.Keep Reading
Winner Take All (and T-Rex)
2020-08-01
‘Winner take all’ is the idea that markets are becoming less competitive, and more likely to be dominated by a single company.Keep Reading
Opportunity Cost (and Sports)
2020-07-29
Opportunity cost is the ‘cost’ of having to give up something else you could be doing instead.Keep Reading
Inflation (and $5 Candies)
2020-07-20
Inflation is when prices rise because demand exceeds supply.Keep Reading
Debt (and Backpacks)
2020-07-08
Debt is when one person or company owes money to another person or company. Keep Reading
Commoditization (And Pizza Dough)
2020-06-09
Commoditization is when a product is so easy and cheap to make that the price keeps dropping until almost everyone can afford it.Keep Reading
The Federal Reserve
2020-05-25
The Federal Reserve is the most important bank in the U.S., and the ‘banker’ for all the other banks in the U.S.Keep Reading
Interest Rates (And Escalators)
2020-05-01
Interest rates are the cost of borrowing money. Keep Reading
Sunk Costs (and Sandcastles)
2020-04-11
A sunk cost is something you previously worked on that’s no longer useful. Keep Reading
Deflation (and Donuts)
2020-04-09
Deflation is when prices drop because machines make things cheaper, resulting in commoditization, fewer jobs, and lower income for most people.Keep Reading