Can Coronavirus help solve income inequality?

The global economy is melting down. Catastrophic disruptions like the one coronavirus containment measures are visiting on industries, business and workers are already producing tremendous pain. It will likely get worse, along with the already devastating human toll. Problems like the one we are experiencing now also create unprecedented opportunities to remedy distortions in the eco-economic system – […]

Cost of pollution

First, Externality An externality is an economic term referring to a cost or benefit incurred or received by a third party. However, the third party has no control over the creation of that cost or benefit. An externality can be both positive or negative and can stem from either the production or consumption of a good or […]

Rice millers in Asia are dependent on the market for rice

What is a derived demand? Derived demand is an economic term describing the demand for a good/service resulting from the demand for an intermediate or related good/service. It is a demand for some physical or intangible thing where a market exists for both related goods and services in question. The derived demand can have a significant […]

Monopolistic competition of coffee shops in Cambodia

Monopolistic competition is an industry where firm offer similar products or services but are not perfect substitute of one another. Barriers to entry and exit in a monopolistic competitive industry are low. That means the decisions of any one firm does not affect its competitors directly. From 2016, there’s an increase in coffee consumption among […]

Airline Price discrimination

What is price discrimination? Price discrimination involves charging different prices to different sets of consumers for the same good. So basically, sellers are charging people different price for the same product depending on their willingness to buy. Firms can charge different prices depending on several criteria: Quantity bought (e.g. lower unit price when higher quantity […]

Cambodia’s new leading company, Chip Mong Group

A brief history Chip Mong group was founded in 1982, which at the time was only a small trading company importing construction materials from neighboring country to help supply Cambodia’s renovation after the destructive civil war. Today, Chip Mong is one of the largest diversified groups in Cambodia with business ranging from property development, beer […]

The US- Chinese trade war in a nutshell

A tug of war of tariffs between the two most powerful and largest exporters and importers of goods & services? But first, what is a trade war? You often hear the word war and the first thing that might come to mind are guns and bombs, a conflict between nation. However, a trade war is […]

CS, PS, DWL in Market for Cars

By: Sokphal Lee Have you ever set a budget for yourself when you’re trying to buy something you want? For example, In that budget, you’re willing to buy a car for 50,000$ but turns out, you were able to get it for only 40,000$ after tax. The producer on the other wanted to make the […]

Technology is changing the automobile industry

BY: Sokphal Lee How are automotive company increasing their supplies with innovative robots to ensure better and more efficient quality in their products? Automative robots put the car manufacturing industry in the fast lane, with many different types of robots functioning to satisfy the assembly line, car companies around the world can essentially create more […]

Listen Nonstop???

Marginal Utility in a nutshell By: Sokphal Lee It’s true that music has become a huge part of our everyday life. We all love and hate some artist, an album or a single release. However, does your feeling stays the same for that song from that particular artist after listening to it countless of time? […]