Competition reduces prices. But, what is not commonly known is that competition also promotes more products in the same category, leading to a diversity of makes and models that could only benefit the consumer. At the theoretical level, a perfectly competitive market creates the space for...

Despite the popularity of online news available through social media, newspapers remain as an important source of validated information for citizens in various strata of society. This is particularly true for low-income citizens and those with less skill who are not plugged into the Internet...

Central banks fine-tune a currency price frequently based on a set of criteria, most of which revolves around currency stability. However, some of the criteria may be to boost exports by engineering an artificial low price for a currency, that is below market expectations. Such criteria may be...

Perfectly competitive market is often used in economics textbook as an idealized model for understanding microeconomics issue. But, is it realisable in practice, and crucially, under what kind of scenario and condition? The answer is: perfectly competitive market does not exist in most market...