Economics for Entrepreneurs: Opportunity Cost
Despite popular belief, economics is the study of choice rather than the study of money. Economists use money as a measurement for what choices individuals, businesses and countries are making. Understanding economic decision-making tools can help entrepreneurs and businesses to make the best choices when establishing their vision. The first economic tool entrepreneurs should understand […]
Coronanomics – What we’ve learnt about the economics of COVID-19
If trade bought prosperity to all corners of the world, then COVID-19 is showing the dark side of an interdependent world. Media interest in COVID-19 is increasingly shifting from the public health aspects of the crisis to the economic consequences of the biggest global pandemic in over a century. Often the issues involved in fighting the […]
How has the Eurozone debt crisis affected the US?
The Eurozone debt crisis seems as though it is a small financial and economic implosion on the European continent. However, a ripple experienced in Europe can be a greater wave elsewhere in the world. Those in America would question whether something that affected the euro would have any impact on them, but economists are concerned that […]
GST crackdown “most significant change since introduction”
Amongst the Budget announcements last night was the unveiling of the most significant changes to GST since its introduction by former PM John Howard in 2000.
Booming resource states leave NSW in their dust
Australia is set to continue its strong resources lead economic recovery, returning to levels of prosperity not seen since the beginning of 2008. At least for resource rich states like Queensland and Western Australia concludes the latest Business Outlook report from Access Economics.
GST increase predicted to fund Rudd’s hospital spending spree
Australia’s Goods & Services Tax (GST) is predicted to increase as pressure mounts on the Federal Government to fund its recent spending, including the recently minted COAG hospitals agreement.
Free: not the only future for the Internet
“Free” is being hailed as the Internet’s natural and ultimate future – as evidenced by a growing cohort of bloggers who insist “free” is the only solution to content providers’ Internet woes. However, Ovum believes their economic logic is flawed, and that financing “free” through advertising alone requires a scale which is unlikely to be achieved in online entertainment unless the sector undergoes a radical revolution.