Blog
Biofuels and competitive supply
31st May 2009
There are many different economic and social aspects of the expansion of global biofuel production. Some of them are shown in the related blog entries below
One AS micro concept linked to biofuels is that of competitive supply
Goods and services in competitive supply are alternative products that a business could make with its factor resources of land, labour and capital. A topical example of this is the diversion of land used in supplying food to producing bio-fuels and the impact this has had on global food prices.
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.