Entries by Simon Weru

Price Elasticity of Demand Simple Definition and Direct Examples

September 18, 2023 in /by

Demand is affected by many aspects, top among them changes in price of the commodity. When price changes without particular expansion of the economy and subsequent increase in income, effects may be witnessed on the demand of some commodities. I used “ may” and “some” since different products will have different elasticities, depending on some […]

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Bitcoin Mining Economics 101: How to Profit in the Digital Gold Rush

September 16, 2023 in /by

Bitcoin mining has only been here for slightly more than a decade, but has ensued a heated debate in matters of energy consumption and the viability of bitcoin miners making profit over increasing energy demands as more miners enter the fray. Before we even come to the intrigues of bitcoin mining, we can look at […]

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