4. Netflix and Hulu, Coke and Pepsi… Why Is There So Much Market Competition?

Have you ever noticed how many choices we have when it comes to the products we can buy? Pepsi or Coke? McDonalds or Burger King? When companies fight for our business, consumers like you and me win by having more options available to us.

Links

Key Terms 

  • Monopoly: A business that does not have any competition
  • Free Market: An economic system where people are allowed to freely cooperate and exchange goods without excessive regulation 

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On Recessions and Moving Goalposts

Let’s be real: America’s economy is in the tank. You don’t have to be a rocket scientist (or economist) to figure that one out. Heck, you just have to set foot in a grocery store! But, dire as our situation is, it’s still not a recession… At least, not according to the “experts.” Never mind that our economy has experienced two straight quarters of negative economic growth. (Until about last week, this was the literal definition of a recession.) The thing is, recessions aren’t so good for politicians. Especially not in a big election year. So, rather than addressing the root causes of our horrible economy, our politicians are doing what they do best: changing the terms. That said, it’s no surprise that Biden’s Treasury Secretary Janet Yellen is now claiming we’re not in a recession: she says we’re just in a “period of transition in which growth is slowing.”

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From the trusted team behind the Tuttle Twins books, join us as we tackle current events, hot topics, and fun ideas to help your family find clarity in a world full of confusion.

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It’s up to you—and our books can help. Check out the Tuttle Twins books to see if they’re a fit for your family!

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