Why is it still a ‘free’ market?

Consumer packaged goods are a growing industry.Consumers spend more than $2 billion each year on them.The market for consumer packaged products is dominated by a handful of big players.They include retailers like Walmart, Target, Costco, Walmart’s own Sam’s Club, Kroger and Whole Foods Market.A number of major retailers have gone public with their intention to …

Calculation of consumer surplus for 2016

The United States has an estimated $1 trillion consumer surplus.That’s up from $800 billion last year.That surplus is based on a consumer survey of nearly 100,000 consumers, including consumers of non-perishable food items, services, and durable goods.That survey found that consumers have less disposable income, have more savings, and spend more on goods and services …