prices

EFA (35): Consumer surplus

The extra benefit that we get as consumers when we buy something that is worth more to us than the price we pay is known as "consumer surplus". This is the subject of the 35th item of our Economics for Amateurs (EFA) series.

Konsumentenrente

The price is right

Business involves talking openly about money and getting the right product, service or deal for the right amount of money. Try using more idioms to talk about money and prices.

EFA (20): Ceteris paribus

You do not have to be a scholar of Latin to understand economics. But there are a number of Latin terms that are commonly used in the subject, including "ceteris paribus", the subject of part 20 of our Economics for Amateurs series.

Lateingelehrte(r)

Volkswirtschaftslehre

Begriffe

Price and quality

Taxi drivers cannot reduce their prices. There are also clear restrictions on who can drive a taxi. The same is not the case for business communication trainers. As as result, we see strong price competition and weak quality standards.

Preiswettbewerb

EFA (15): Inflation

Inflation is a key concept in economics. But what exactly is inflation and how is it measured? This is the subject of the 15th item in our Economics for Amateurs (EFA) series. You can find this series here every Monday.

Volkswirtschaft(slehre)

hier: Folge

EFA (7): Deflation

Oil gets cheaper, cars get cheaper, food gets cheaper, beer gets cheaper... This sounds like paradise. Yet, many experts are worried about falling prices or "deflation". Economics for Amateurs (EFA), part seven.

Play tag

Children still love to play tag during the school breaks. It’s a simple, international game of fun. In a way, politicians are playing tag at the moment. Instead of a harmless game of fun, theirs is a game of financial risk.

Fangen spielen

Together in business

An important strategy for developing your vocabulary is to notice and learn the way that key business words combine in English. Start here!

The price is right - well, maybe

Surely high prices are good if you are selling, and low prices are good if you are buying. Yes, there's a lot of truth to that. But it's not the whole truth. Sometimes higher prices, believe it or not, are actually better for buyers.

The price of rice

"So far this year there has been _____ inflation in global food prices, and one of the most worrying developments has been the rise in the price of rice." What's the missing word?

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