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Types of Unemployment (With Best Examples)
/in Uncategorized /by Simon WeruUnemployment has become one of the most talked about socio-economic challenges in the global society. The world can tell of the myriad consequences of an unemployed population. Crime rates are always expected to skyrocket, the economy suffers a blow of reduced demand for goods and services, low or absolute zero income levels drain savings and […]
Price Elasticity of Demand Simple Definition and Direct Examples
/in Uncategorized /by Simon WeruDemand 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 […]
Bitcoin Mining Economics 101: How to Profit in the Digital Gold Rush
/in Uncategorized /by Simon WeruBitcoin 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 […]