Understanding Microeconomics for Small Businesses Running a small business isn’t just about passion – it’s about making smart, data-driven decisions. In this blog, discover how core microeconomic concepts like demand and supply, opportunity cost, and price elasticity can help you set competitive prices, optimize costs, and build a sustainable business. Perfect for entrepreneurs, freelancers, and small business owners looking to thrive in competitive markets.

When Tara’s candle business hit a wall, it wasn’t marketing or creativity that turned things around — it was economics. From opportunity cost to sunk cost, learn how basic economic thinking helped her make smarter decisions, raise profits, and rediscover confidence as a business owner. A must-read for entrepreneurs who want to combine passion with profit.

Most entrepreneurs focus on marketing and tech — but real growth often comes from understanding economics. Learn how core concepts like elasticity and opportunity cost can help you make smarter business decisions.

Discover how tariffs impact small businesses, with real examples from Kenya, and explore smart strategies and why free trade still matters t

Fast fashion may be cheap, but have you ever wondered why? This blog explores the economic forces behind fast fashion, from supply chains an

Explore the economics behind streaming services and how the subscription revenue model has reshaped consumer behavior.

Discover why economics goes beyond money and how scarcity and choices shape our world. Explore the impact on decision making.

Gain a clear understanding of income inequality and the Gini coefficient, essential tools for analyzing and addressing this complex issue.

Discover how key economists and their theories in economic thought have shaped modern economics.

Can We Tackle the Dual Impact of Trade and AI on Jobs? How to Balance Efficiency and Employment? "The biggest losers from international...

Terms related to International Trade(@anjullii_econmadeazy) In economics, the study of foreign trade involves a variety of terms that are...

Looking to ace your economics exam? Discover expert tips to prepare effectively and maximize your scores and also understand the top mistake

The Diamond-Water Paradox is a captivating illustration of how economic value is determined by a complex interplay of factors.

Explore the key factors behind wage differentials in the labor market, from skills and geography to gender discrimination.

Consumer awareness is not just a term, it's a lifestyle choice. It’s the bridge that connects informed choices to quality of life,...

Example of false advertising (source: google images) In today's fast-paced world, consumerism is at its peak. From the morning cup of...

Are you seeking to understand the true health of the economy? Real GDP is your answer! Real GDP is often considered better than nominal...

Understanding the interconnected dance between ‘Recession’ and ‘Cyclical Unemployment’

Opportunity costs impact in life decisions. Explore how to make informed choices and maximize your potential.

Mastering Economics : Tips for success(@econmadeazy) Have you ever found yourself lost in the complex theories and multi-dimensional...