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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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NAFTA: THE CONFLICT RESOLUTION MECHANISM TRUMP WANTS TO NEGOTIATE

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NAFTA: THE CONFLICT RESOLUTION MECHANISM TRUMP WANTS TO NEGOTIATE For those who do not know, the NAFTA treaty plays a very important role in the current economy within North America. It was created in 1988 by Canada and the United States, joining Mexico in 1990.  This agreement allows free trade for 15 years between these three countries, that is to say that there are no taxes in the corresponding customs, benefiting many companies in the region.  Recently the President of the United States, Donald Trump, is in position to renegotiate certain agreements of the treaty maintaining a nationalistic point of view. In this negotiation, the US government intends to cancel chapter 19 of the treaty in which Mexico considers it unacceptable.  Chapter 19 basically authorizes the creation of binational panels when two of the countries involved have differences or one believes that the other is carrying commercial acts that could harm it, such as the existence of...
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