Economic theory comes in many forms. The issue with them is that proponents espouse what they like while blasting the parts they do not. This might work in politics yet is very dangerous when dealing with

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This article gets down to the crux of capitalism, which is "consumer sovereignty." I would add, that anyone who wants to complain about the "obscene" profits of sellers but never mentions

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Our gardens provide us with more than just food and flowers. They give us an opportunity to experience and renew our connection with nature as we weed, harvest and walk among the plants. They can provide

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In order to comprehend the ontological construction below, please refer to the respective posts for all notions in italic. Market structure depends on the number of entrepreneurs on the market and is defined

In order to comprehend the ontological construction below, please refer to the respective posts for all notions in italic. The fragmented to a couple (two or more) parts monopsonistic demand on the

In order to comprehend the ontological construction below, please refer to the respective posts for all notions in italic. The monopsony presents a single buyer on the market. It describes a solitary market

In order to comprehend the ontological construction below, please refer to other my post for all notions in italic. Any price increase of the deficit commodity tends to decrease the demand for it, and

A price increase leads to an increase in the quantity of a commodity with that price; and a decrease in the price leads to a decrease in the commodity’s quantity. Increasing price of a product means that