Arbitrage (and Egg Prices)
An arbitrage is when people make money by exploiting a market inconsistency.Keep Reading
An arbitrage is when people make money by exploiting a market inconsistency.Keep Reading
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 tell you whether (and how fast) a product is getting cheaper to make.Keep Reading
Collusion is when business collaboration becomes unfair or anticompetitive.Keep Reading
‘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 is the ‘cost’ of having to give up something else you could be doing instead.Keep Reading
Inflation is when prices rise because demand exceeds supply.Keep Reading
Debt is when one person or company owes money to another person or company. Keep Reading
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 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 are the cost of borrowing money. Keep Reading
A sunk cost is something you previously worked on that’s no longer useful. Keep Reading
Deflation is when prices drop because machines make things cheaper, resulting in commoditization, fewer jobs, and lower income for most people.Keep Reading
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