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Economic space will publish an article every 7 days from Monday 14/08/17. Articles will also be made on suggested topics.

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OFFER AND DEMAND

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OFFER AND DEMAND   Both supply and demand are highly relevant, used and analyzed concepts in all parts of the world, either by companies that want to sell their products or services, or by individuals seeking to meet certain needs. That is why it is interesting to learn about this topic, since it involves everyone on the planet. DEMAND is the amount of a good that an individual needs to meet their needs at a certain price and it is important to clarify that only the buyers use this concept. The price of a good or service plays an important role within the demand of the individual since if no other factor changes and the price rises, it will tend to decrease its demand on it. If the price decreases will tend to happen the opposite. For example, if the price of pears rises and there are no changes such as the price of other related foods (apples, oranges, bananas, etc.) or consumer income, they will tend to demand fe...
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WHAT'S GOING ON NAFTA?

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POSSIBLE CHANGES IN THE NAFTA AGREEMENT The nafta negotiations in which Canada, Mexico and the United States participate are still ongoing and appear to continue until the end of the year. This is probably due to the difficulty in finding an agreement that is beneficial to the respective countries, because for different reasons, Trump has generated tension in its relation with the respective countries. In the previous article we talked about the US initiative to negotiate new agreements on chapter 19. No concrete publications have been issued yet because we are talking about a complicated framework in which there seems to be no solution that benefits all. It is also relevant to say that this only refers to a part of the negotiations. Today we will talk about other issues that are under negotiation, such as the TARIFFS and the LABOR MARKET. For those who do not know, tariffs are a tax that applies to goods that are imported, sometimes used for expor...
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DEMAND OF THE NEW TESLA CAR

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DEMAND RISES FOR THE NEW TESLA MODEL 3 For those who do not know, Tesla is a company that makes electric cars, located in Silicon Valley, California. They recently launched a new model, called "Model 3", priced at US $ 35,000. However, model 3 will not be delivered even to the one who bought it, so Tesla has received about 350,000 reservations. It is believed that mass production of the product has begun by the end of 2017. (Source: Harvard Business Review).  This news is related to the previous article, "OFFERING AND DEMAND", in which the demand exists thanks to the needs of the people, creating companies that offer products, to satisfy those needs. We can ask many questions about this article, related to the issue of supply and demand. For example, why was the price set at $ 35,000? The price of a product is a very important role and is decided by analyzing various factors, such as the price of inputs for manufacturing, labor, state, etc. Other relevant ...
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