The law of supply and demand explains how changes in a product's market price relate to its supply and demand. Demand for basic necessities is less responsive.

I’m technically on vacation, but the wife and kids are watching Chicken Little up in the hotel room right now, so I’m going to sneak in here for a quick post. Ted Gayer — senior fellow and co-director ...

I was recently asked to run a session on the basic principles of economics for a group of university students. Get Full Access for Ksh299/Week. Fact‑first reporting that puts you at the heart of the ...