Economic News Investigation
Asia's biggest apparel store's profit falls as sales rise.
This related to economics by when there is too much diversity in the market, even though there is more options to choose from, the stores will lose money because of the diverse choices, and even when you try to get more business, you have to spend money to get your brand name out there.
April 10, 2014
Global Sugar Surplus Coming to an End
This relates to Economics as it talks about surpluses and shortages. It talks about how for many years the sugar supply has been high but may finally be slowing down. A surplus is when there is extra something left over from a year or certain time period and a shortage is when there is not enough left over, like extra and to little of something.
Increase in Black Market for Organs
This relates to Economics as it is part of the black market. Organ selling is illegal, but as some people see it, selling their kidney to someone in need helps both sides, they get money and the other gets the kidney they need. Black markets are usually when an illegal sale is made and can be bad because the money exchanged doesn't get counted for our nation's GDP.
2014 Federal Budget Deficit Not Looking Promising
This relates directly to economics as it is about our country and about our country's debt. The government isn't taking in as much tax as it is needed for us to be on a projected deficit. We are just going to keep going farther and farther into debt. A deficit is when a country doesn't make enough for the year to keep up with the governmental spending.
Cab Commission Monopoly?
This relates to Economics as it shows how monopolies work. They essentially buy other smaller companies and use them to their advantage. The smaller companies bought by the larger cannot get away from this. The newly starting businesses cannot compete with the largely growing, strong and successful larger company, the monopoly.
Gross Domestic Product = Sex, drugs, rock and roll?
This relates to Economics as it's talking about GDP. GDP is a country's gross domestic product which is how much revenue a country's government makes in a year. Commonly, the country does not count criminal activities as they can be hard to track accurately.