Economics

Wages for coffee labourers on Fairtrade-certified farms ranged from US$1.5 to US$2.1 per day on farms that also provided meals, and US$1.8 to US$2.5 on those that did not. Some farmers said they had increased wages to meet national minimum wage standards but none mentioned doing so to meet Fairtrade Standards. Read more on www.thenews.coop … Read more

Is it cheaper to make ice or buy it? Conclusion. When it comes to making vs buying, purchasing quality ice from your favorite retailer (like Walmart, Kroger, or CVS), wins hands down. On the surface it might appear that homemade ice production is inexpensive and user-friendly but it falls short on quality, taste, as well … Read more

Why are books suddenly so expensive? Books are expensive because of the rising cost of printing on paper, royalties, the economy of scale, return policy, and transit costs. Read more on myreadingworld.com For readers all across the world, books have long been a source of information, amusement, and escape; yet, in recent years, their cost … Read more

How much does it cost to make movie theater popcorn? A medium bag of popcorn costs just 60 cents to make but retails for $6, a whopping 900% markup. That’s enough to make “”Avatar”” fans turn blue. Richard McKenzie, an economics professor at University of California-Irvine, says theater owners mark up the snack so much … Read more

Does Fairtrade help poor workers? The study concluded that: “”For cooperative workers, Fairtrade standards seem to be a tool that is effective in increasing wages above the national minimum wage, improving job security and reducing poverty. Read more on fairworldproject.org A global movement called “fairtrade” has gained strength in recent years. It strives to improve … Read more

Why do billionaires not pay taxes? Billionaires have avoided taxation by paying themselves very low salaries while amassing fortunes in stocks and other assets. They then borrow off those assets to finance their lifestyles, rather than selling the assets and paying capital gains taxes. Read more on www.nytimes.com Billionaires not paying their fair share of … Read more

What is a livable wage in Washington DC? Living Wage Calculation for District of Columbia, District of Columbia 1 ADULT 2 ADULTS (1 WORKING) 0 Children 2 Children Living Wage $20.49 $39.41 Poverty Wage $6.13 $12.60 Minimum Wage $13.25 $13.25 Read more on livingwage.mit.edu Given the high cost of living in Washington, DC, many residents … Read more

What are goods and services read aloud? Read more on www.youtube.com Even for adults, understanding the subject of economics can be challenging. However, it’s critical that kids understand the fundamentals of economics as early as feasible. Goods and services are among the core ideas in economics. Physical items can be purchased, sold, or traded as … Read more

How long before debt is written off in South Africa? three years Personal loans, credit cards, retail accounts and vehicle loans: three years. Mortgage loans, debts by court orders and money owed to the South African Revenue Service (SARS): 30 years. Read more on nationaldebtadvisors.co.za A common problem that many South Africans deal with is … Read more

Why are used books so cheap? The main reason some books are so cheap on Amazon. When common books saturate the market, prices can fall through the floor. Professional sellers use repricing software, or bots, to keep people from undercutting their prices. There are several such services out there, and they help a bookseller keep … Read more