Luxury goods: A poor investment

Rare, extravagant goods from certain luxury brands have long been the envy of the masses; this encompasses limited edition items, such as the stainless-steel, precious metal Rolex Submariner, the Hermes Birkin bag and the Lamborghini Sesto Elemento. Yet, the process to obtain these goods is long, arduous and very expensive. With this said, most justifyContinue reading “Luxury goods: A poor investment”

Economics of immigration

Talk of immigration levels has been an ever-increasing feature of public discourse. In 2010, the newly-elected Conservative Party promised to cut immigration levels to the ‘tens of thousands.’ This promise was made largely due to the large increase in net migration that occurred during the previous decade, having risen from 50,000 to 250,000 between 1997Continue reading “Economics of immigration”

Productive potential growth within an economy

Productive potential growth in an economy is a catalyst for growing living standards and prosperity. Productive potential refers to the potential output within an economy. The adoption of new production techniques increases the productive potential within an economy, as is the case with an increase in the availability of new resources and technology. However, neitherContinue reading “Productive potential growth within an economy”