Colombia is the world’s second-biggest cut flower exporter.
AP Photo/Fernando Vergara
A program intended to reduce coca production ended up giving two Latin American countries a big boost to their flower power.
The stockpiling of some products led to shortages, but these were quickly reversed.
Prices are the signals the private sector relies on to direct resources. Snuffing out these signals may prove too costly for consumers in the end.
Shelves that held hand sanitizer and hand soap are mostly empty at a Target in Jersey City, N.J. on March 2, 2020. As fears of the pandemic grow, consumers are stockpiling goods in case they’re quarantined.
(AP Photo/Seth Wenig)
Amid the coronavirus pandemic, people are stockpiling essential supplies. But policy-makers may be able to influence both the supply and demand through public announcements and advisories.
Hundreds of frozen turkeys are lined up waiting to be defrosted, cooked and eaten.
AP Photo/Rick Bowmer
An economist explains why turkeys defy the economic laws of supply and demand.
Is the 61% spike in the price of Brazil nuts this year because we're going nuts for nuts?
Tackling housing affordability will be a priority for the Federal Government in the 2017 budget.
The housing affordability measures in this budget involve not much more than tinkering.
Avocado demand is driven not just by their supposed health benefits, but by their newness, exclusivity and symbolic, aspirational value to a burgeoning middle class.
Are OPEC’s cuts all smoke?
Hasan Jamali/AP Photo
To see why, one must only consider the core economic principle of supply and demand.
This guy’s much in demand.
Economic theory suggests when demand goes up, so does the price, but oddly, it doesn't for turkeys ahead of Thanksgiving.
GPs and hospitals aren’t incentivised to properly manage demand, which has contributed to the crisis in Accident & Emergency.
Our increasing use of hospital services is out of control and unsustainable and is contributing to the current crisis in accident and emergency (A&E). But the problem isn’t new and 30 years of NHS…
Is it time to end our love affair with energy-dense foods?
Mild Mannered Photographer
For the first time ever, the number of overweight people on Earth outweighs the number that are undernourished. From the obesity crisis flows a cascade of health and social problems: it burdens healthcare…