This week in Economics, we learned about Economic Indicators and the Business Cycle (see title of post). Economic indicators give economists an idea of the well-being of an economy, and the business cycle shows the different stages economies go through and repeat over time.
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Friday, April 11, 2014
Economic Indicators and the Business Cycle!
This is my second reflective post! I hope it proves to be a good review of the week.
Friday, April 4, 2014
Elasticity of Supply in the Tobacco Industry!
"A hazy future for tobacco" (There were two sub-articles under this heading.)
"E-cigarettes grow popular, forcing farmers, firms to adjust" by Jay Price
The Daily Press
April 1, 2014
The tobacco industry is changing in a major way. The profits of traditional cigarette companies have fallen at the advent of the e-cigarette. Now, traditional cigarette companies are scrambling to keep up with the competition. Many are choosing to to sell e-cigarettes of their own. The company Lorillard purchased the e-cigarette company Blu for almost $135 million in 2012.
"E-cigarettes grow popular, forcing farmers, firms to adjust" by Jay Price
The Daily Press
April 1, 2014
The tobacco industry is changing in a major way. The profits of traditional cigarette companies have fallen at the advent of the e-cigarette. Now, traditional cigarette companies are scrambling to keep up with the competition. Many are choosing to to sell e-cigarettes of their own. The company Lorillard purchased the e-cigarette company Blu for almost $135 million in 2012.
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