As population shifts, developed nations will have redistribution decisions as the proportion of the non-working aged and the young need more labor income.
GDP problems include that it’s not calculated the same way in different countries, its data can be tough to gather, and its components omit important items.
In refrigerators in developing nations, we can see the impact of affluence on their diet and on supply and demand that will change worldwide food prices.
There is a village in Southern India called Kadapakkam. It had been a home to farmers and fishermen whose thatched huts had no running water and no electrical appliances. At traditional tea shops located at the side of the local, narrow and potholed road, you could meet a friend. One 62…
In Chef, recently fired upscale restaurant chef Carl Casper (Jon Favreau) has no job offers, a viral video to cope with, and a life that is spiraling south. I won’t divulge the ending but the movie was about a food truck, the…
Sometimes innovation happens where we least expect it. Think of the pizza box. At Domino’s, the key is efficiency. They selected the corner-cut box so that employees could quickly fold hundreds of boxes. One pizza box expert, Scott Weiner, says…
econlife®
Connecting economics with everyday life.
Located at the intersection of current events, history, and economics, econlife® slices away all of the layers that make economics boring and complex. We like economics and we would like for you to like it too.
