Blog summary-6

tutor2u econs blog, "Business Economics"

That ought to be a huge topic - economics and business are really close and have lots of things in common. recession affected all the businesses in the world, even gartantum companies collapsed. surely there will be something to discuss.

yeah, I'm right, lots of things. the most interesting ones in my brief explanations:

First of all, a collection of newspapers' business reviews 2008. really good for expanding your knowledge both in economics and business.

SPEW! Haahahaha, it's a mnemonics to remember some of the effects of monopoly power in markets! So funny)

This choconomics post states that there are counter-cyclical products, the demand for these rises at economic downturns. As an example they presented chocolates, which were really popular at the times of the Great Depression (1929-1934).

This is a post made last summer about Starbucks closing every 20th shop in US, this means -600 shops. The reasons are unprofitable locations and inability to make any profits in future. This happened BEFORE the recession. Now people tend to spend their money in cheaper coffee shops, so I dare to say that Starbucks might close even more shops around the world. It is very sad, because their USP was perfect service and quality. I still love them, I'm a loyal customer, who, despite the recession, will still buy a medium caramel frappuchino every Saturday)