Can’t Get No Satisfaction

In economic terminology, the term “utility” has not much to do with multifunctionality nor completing specific useful tasks. It does in context, relate to the level of satisfaction or “completeness” … Continue reading Can’t Get No Satisfaction

Advertisements

Elasticity and Sin Tax

We can change our dependence on certain goods and services so that we don’t take too high a knock when their prices fluctuate. Life is about making choices. As rational … Continue reading Elasticity and Sin Tax