Soon, the credit card signature will be extinct and so too will another transaction “cost” that made spending money a little more difficult.…
Innovation
Innovation is a source of economic growth. Including the impact of new technology and the incentives that stimulate creativity, innovation is important for a market system. Depending on current events, econlife considers the impact and source of past and present innovation that includes the industrial revolution, the transportation revolution, the information revolution and people like Steve Jobs and Andrew Carnegie who made it possible.
Where to Find an Inventor
To fuel the innovation that jumpstarts economic growth, researchers have figured out less traditional ways that will encourage more people to become inventors.…
Why the Retail Apocalypse Could Be a Renaissance
Even with mall traffic declining and stores closing, retail restructuring might lead to a renaissance fueled by creative destruction rather than an apocalypse.…
The Return of the Disappearing Avocado
If avocado has returned to your favorite veggie wrap, you can ask your economist to explain avocado prices with supply and demand.…
Why We Have More Bananas
Customized container ship refrigeration has made it possible for our fruit imports to include many more bananas, limes, mangoes, and berries.…
McDonald’s Soggy French Fries Problem
Because of their new delivery partnership with UberEats, McDonald’s has a soggy French fries problem that they need to solve.…
The One Thing We Should Know About Making Sneakers
With consumers expecting faster product cycles, Adidas is experimenting with a new supply chain that accelerates sneaker production.…
Four Fantastic Charts That Tell What We Need to Know About the Plastic Problem
Store by store, through one aisle that has 700 items, the Dutch supermarket chain Ekoplaza will support sustainability with plastics-free grocery shopping.…
New Figure Skating Music…But Who Pays?
Now that music with words can accompany Olympic figure skating, there is less classical music, more hip-hop and Beyoncé, and some questions about intellectual property rights.…
Doing an Environmental Good Turn With a Revolving Door
Increasing everyday sustainability, using a revolving building door rather than one that swings would add less to our individual carbon footprint.…