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Economics

In the News

Australian wine cheaper than bottled water

Geoff Riley

31st December 2014

The monopsony power of duopolistic retailers, a confusing tax regime, the lingering effects of a very strong currency against the US dollar and and boom in domestic production. These are just some of the causal factors why Australian consumers might just be able to get a bottle of their favourite wine for a lower price than an equivalent bottle of water.

Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

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