The world tea economy : supply, demand and market structure
In this study, the supply, demand and the market structure of the world tea economy are analysed by formulating a commodity model. The use of an overly stylized model in the modelling of any primary commodity is found to be untenable. The specific characteristics of the commodity such as its physical characteristics of perishability, the nature of the production process etc., must be given consideration before proceeding to formulate the model. A clear distinction is made in this thesis...[Show more]
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