Most farmers experienced reduced demand and lower prices for their produce. There were also disruptions to production.
Microeconomists study how individuals and companies balance their desires and needs with costs and available resources.
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The Otigba Computer Village shows how businesses in a largely informal market identify new and useful knowledge, apply it innovatively to scale up their operations and increase profits.
Millions of unemployed Americans have become too discouraged to look for work.
Manop_Phimsit/Shutterstock.com
An economist explains why the long-term drop in the participate rate is an even bigger problem for the US economy than the May slowdown in jobs growth.
Boeing is accused of not being fully forthcoming about changes it made to the 737 Max.
AP Photo/Ted S. Warren
Debates around South Africa’s health market inquiry must remember that not all proposals for regulating private economic activity are an attack on the market.
The cabbage plantation on Lonwabo Jwili’s farm emerged from the toils that up-and-coming black farmers have to endure.
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The astronomic rise of the price of bitcoin over the past 12 months raises fears that the cryptocurrency is set to crash which could see many people lose money.
Its been 13 years since Mauritius introduced codes of corporate governance for listed companies with mixed results. Its experience is useful for other developing countries looking to do the same.
Vinyards in the Sancerre wine-growing region of France.
Peter/Flickr
The latest figures on the world wine market confirm that the industry is undergoing considerable change, with European countries finding their positions and strategies challenged by the new world..
Vinyards in the Sancerre wine-growing region of France.
Peter/Flickr
The latest figures on the world wine market confirm that the industry is undergoing considerable change, with European countries finding their positions and strategies challenged by the US and China.
Former Finance Minister Pravin Gordhan flanked by Deputy Minister Mcebisi Jonas and Director General Lungile Fuzile.
GCIS
The framing of the prevailing political protests in South Africa shows too much focus on the role of individuals. This is dangerous in hearkening back to the flawed Great Man Theory.
South Africa’s cabinet reshuffle saw Malusi Gigaba become finance minister and Sifiso Buthelezi his deputy.
REUTERS/James Oatway
The BRICS bloc of states have resolved to establish an alternative credit rating agency to counter western dominance in the financial markets. Will it work?
They might seem innocuous, but tweets can have very real effects on company stock prices.
Paul Miller/AAP
South Africa needs take a radically different path if it is going to make its economy more inclusive. It must start from the premise that markets are intrinsically skewed to historic privilege.