Aggregate Demand and Supply

And yet more market failure - this time in the dairy sector, where the newly formed Global Academy of Agriculture and Food Security estimates that the equivalent of one pint in every six is thrown away - half of that even before dairy products reach the store.

This again highlights the level of waste in the food industry, and the fact that for too long we've been careless in our use of food, and chosen to ignore the fundamental economic problem, of scarcity and choice, to the probably detriment of future generations.