In a dramatic rebound, automobile dealers in the country—that were out of business for the past two years—have reported hundreds of car bookings...
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Following the lifting of the import ban on cars, there was a sudden uproar when consumers realised a huge increase in taxes for new cars. While the taxes may be a cause, another reason for the cost escalation, in my view, is the ban itself. Simply put, if you ban, or limit something, the price of the commodity increases. This phenomenon is called artificial demand, or artificial scarcity - in microeconomics.
In a dramatic rebound, automobile dealers in the country—that were out of business for the past two years—have reported hundreds of car bookings...
Under the proposed legislation, there would be a complete ban on the sale, manufacture or import of single-use vapes.
Under the proposed legislation, there would be a complete ban on the sale, manufacture or import of single-use vapes.
By Vance Ginn Tariffs, often promoted as a tool to protect American jobs and industries, are a hidden tax that disproportionately burdens...
The wholesale price of eggs will see an increase from $12.00 to $14.00 per dozen, or $420.00 per case, effective Monday, September 16, 2024. It means...
Taobao is one of the popular e-commerce sites used in China, but it may not have achieved high popularity in Malaysia when compared to others because...
Nigerians have adopted tough survival tactics, as a result of the rise in cost of petrol. The Nigerian National Petroleum Corporation Limited (NNPCL),...
The European Union should decide already next year whether to rethink regulation that effectively bans the sale of new petrol and diesel cars in the...
The European Union should decide already next year whether to rethink regulation that effectively bans the sale of new petrol and diesel cars in the...