Explanations
Why is argan oil so expensive?
Graham Watson
30th August 2020
Business Insider looks at argan oil which is used in beauty products around the world.
Why is it so expensive, given the fact that the women who make it earn less than the recommended minimum wage?
This might suggest that, in this case, the women are exploited by the market - or does it simply reflect that at the stage of production the women are involved in there's little value added?
You might also like
Price mechanism in action - student car insurance
16th October 2010
Price Mechanism (Revision Presentation)
Teaching PowerPoints
Determinants of Demand (Revision Presentation)
Teaching PowerPoints
Market Mechanism Revision Quiz
Quizzes & Activities
Price Mechanism Revision Quiz
Quizzes & Activities
Markets in Action - Beef Prices
Study Notes
Equilibrium Prices - A Summary of Key Changes
Study Notes