Prabhu TL

Prabhu TL is a SenseCentral contributor covering digital products, entrepreneurship, and scalable online business systems. He focuses on turning ideas into repeatable processes—validation, positioning, marketing, and execution. His writing is known for simple frameworks, clear checklists, and real-world examples. When he’s not writing, he’s usually building new digital assets and experimenting with growth channels.
8340 Articles

Merit goods and positive consumption externalities

With education, few students will know with any precision the benefit to themselves…

Prabhu TL

The supply of merit goods

Economic theory predicts that while markets may form to supply some merit…

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Merit goods

The market for merit goods is an example of an incomplete market. Merit goods have two…

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Turnpikes

In the UK, turnpikes were an increasingly common way of paying for…

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Quasi public goods

The market for quasi-public goods is an important example of an incomplete…

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Incomplete markets

An incomplete market is one where some of the necessary conditions for…

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Pure public goods

The market mechanism is likely to fail to supply pure public goods…

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Missing markets

A significant market failure is the failure to produce some goods and…

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The nature of economics

Economics is the scientific study of the ownership, use, and exchange of scarce…

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Index numbers

Economists frequently use index numbers when making comparisons over time. An index…

Prabhu TL