Essays on Sugar Trade

Before Christopher Columbus brought cane sugar to the Caribbean in 1493, most of European didn’t know about the very tempting and pleasant food called sugar. However, once sugar got popular, the market for sugar rapidly expanded. The Sugar Trade was driven by four elements such…

Price elasticity of demand is the responsiveness of buyers to a change in price. This shows how much more or less of a good buyer will buy when the price of the good changes. Globally, most countries are unaffected by the India sugarcane surplus as…