Two people with the same income can lead very different lives. This article explains the capability approach of Amartya Sen and Martha Nussbaum, from functionings and capabilities
Sustainable tourism aims to have a positive impact on local communities and the environment while providing visitors with beneficial and enjoyable experiences. The rapid growth of
Freezing point depression is the lowering of a liquid’s freezing temperature when other substances are dissolved in it. We look at why dissolved particles slow ice formation, why t
The experience curve is the phenomenon in which the cost of making one unit falls by a fixed percentage every time cumulative production doubles. This piece covers its origins, fro
Economic stabilization focuses on maintaining a sustainable growth path for a national economy while minimizing economic volatility. Quantitative easing (QE, Quantitative Easing) i
Gross domestic product (GDP) is one of the most important indicators in modern economics, used to measure the size and growth of a country's economy. By capturing the sum of a coun
An exploration of convection: its basic principles and definition, the different forms convection takes on Earth, how it shapes climate and weather, and how it is applied in everyd
The decoy effect is when a deliberately less attractive option makes another product look better. This piece explains asymmetric dominance from Huber, Payne and Puto’s 1982 study,
A growth mindset is the belief that intelligence and talent can grow through effort, good strategies and help from others. We look at how it differs from a fixed mindset, the prais
Information security is becoming increasingly important in modern society. As the volume of digital information grows explosively, existing encryption technologies have limitations
Food labels are tools that provide very important information when we choose foods. In modern society, healthy food choices can greatly influence our quality of life, and reading f
Inventory turnover shows how many times a business sells through and restocks its average inventory in a period. This article covers the concept, the formula with a worked example,