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Many restaurants on delivery apps like Door Dash and Uber Eats are actually ghost kitchens without storefronts.

The Gig Economy of Cloud Kitchens

When you open a food delivery app for a meal brought straight to you, do you ever see brand you don't recognize? These are likely ghost kitchens, which exist without storefronts. How do they operate, and why have they become so popular over the last decade?...
4 min read
Disadvantages of Market Economy
Definitions Competitive markets Managing the economy

Disadvantages of Market Economy

Published on October 10, 2023

Pareto Efficiency
Definitions Competitive markets Market Failure

Pareto Efficiency

Published on September 14, 2023

Barriers to Entry
Definitions Competitive markets

Barriers to Entry

Published on September 12, 2023

Monopolistic Competition
Definitions Competitive markets

Monopolistic Competition

Published on August 19, 2023

Productive Efficiency
Definitions Managing the economy Competitive markets

Productive Efficiency

Published on July 06, 2023

Supply and Demand Curves Explained
Competitive markets Definitions Business economics

Supply and Demand Curves Explained

Published on June 16, 2023

Loanable Funds Theory with Graphs
Definitions Managing the economy Competitive markets

Loanable Funds Theory with Graphs

Published on May 15, 2023

The Money Market Graph and Interest Rate Determination
Definitions Competitive markets

The Money Market Graph and Interest Rate Determination

Published on April 29, 2023

Non-Price Competition
Competitive markets Definitions Business economics

Non-Price Competition

Published on March 22, 2023

An image showing a light bulb.
Competitive markets Definitions Factors of production Market Failure Market failures Information Failure Behavioural economics

Allocative Efficiency

Published on March 05, 2023

Newer Posts
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Many workers are "quiet quitting" today, meaning they perform the bare minimum at work but refuse to leave the job.

The Economics of Quiet Quitting: Labor Supply Meets Workplace Incentives

In recent years, the phenomenon of "quiet quitting" has risen among younger Millenial and Gen Z workers. They don't leave dissatisfying jobs, but instead resort to doing the bare minimum. What has happened, and why?...
4 min read

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