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Microeconomics for Small Businesses: Pricing, Profitability, and Business Success
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.
Anjuli Gupta
May 145 min read
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How Tara Used Economics to Turn Her Candle Business Around — A Small Business Strategy Story
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.
Anjuli Gupta
Apr 143 min read
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How Tariffs and Trade Wars Impact Small Businesses—and Why Free Trade Still Matters
Discover how tariffs impact small businesses, with real examples from Kenya, and explore smart strategies and why free trade still matters t
Anjuli Gupta
Apr 65 min read
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The Economics Behind Streaming Services: From Ownership to Access
Explore the economics behind streaming services and how the subscription revenue model has reshaped consumer behavior.
Anjuli Gupta
Oct 23, 20246 min read
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Understanding Wage Disparities: Key Factors Behind Wage Differentials in the Labor Market
Explore the key factors behind wage differentials in the labor market, from skills and geography to gender discrimination.
Anjuli Gupta
Oct 10, 20234 min read
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Recession Risks and Cyclical Unemployment: Lessons from Past Economic Storms
Understanding the interconnected dance between ‘Recession’ and ‘Cyclical Unemployment’
Anjuli Gupta
Jul 30, 20234 min read
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The Economics of the Fast-Food Industry: Behind the Scenes
Here we delve into the economics of the fast-food industry, exploring its unique business model, labor dynamics, pricing strategies, etc.
Anjuli Gupta
Jun 6, 20235 min read
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The Value of Unpaid Care Work:Recognizing and Redistributing Responsibilities for a Stronger Society
Discover the importance of recognizing and redistributing the value of unpaid care work for a stronger society.
Anjuli Gupta
May 2, 20234 min read
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