Textbook Economics

Economist returning the original common sense attitudes into the field of economics, giving you what the politicians and journalists won't tell you.
Textbook Economics has written 1 posts for Politics on Toast

Textbook Economics: Why you can’t get a job

VAT

The VAT harmed industry

Wondering how the government’s economic decisions make it hard for you to find a job. Terence White explains…

The answer is simple.

First, it is vital to remember what the biggest expenditure of every business is: wages. Second, it is also important to remember what business need to make money: products and customers. Thirdly, we must also take into account what businesses aim to do: raise the standard of living by making money for themselves. We must also take note that an economy’s money is Continue reading

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