Silk is one of the finest and most strength natural fiber. In this article, you will know the history of natural silk, the life cycle of the silkworm, silk types, the chemical structure of silk fiber, physical and chemical properties, and how to maintain silk fabrics.
Silk, Silkworm Life Cycle, and How to Care for Silk Fabrics
Income Effect on Consumer's Equilibrium - Substitution Effect on Consumer's Equilibrium - Price Effect on Consumer's Equilibrium - Derivation of Demand Curve from Price Consumption Curve
How Do Income Effect, Substitution Effect and Price Effect Influence Consumer's Equilibrium?
This article analyses the advantages and disadvantages of a firm’s international expansion and make some concluding recommendations.
Advantages and Disadvantages of a Firm’s International Expansion
The costs and revenues of a firm determine its nature and the levels of profit. The revenue concepts commonly used in economic are total revenue, average revenue and marginal revenue...
Relationship between Average and Marginal Revenue Curves
Gross Domestic Product is the standard measure of how well or poorly an economy is doing. Some economists say it’s a false indicator.
Gross Domestic Product Distorts Personal Wellbeing
Linen fibers are natural fibers that have a long history. In this article, you will know a brief history of flax, the microstructure of flax fiber, physical and chemical properties, flax industry, its uses and how to care for linen fabrics.
Linen: The Manufacturing Process and How to Care for Linen Fabrics
A summary of Piketty's groundbreaking study of capitalism and inequality over the centuries.
Summary of Capital in the Twenty-First Century by Thomas Piketty
Being poor is no fun; among the many negatives are bad health, exposure to crime, and lack of education.
The Side Effects of Poverty
If the basic needs approach (BNA) sees poverty in terms of consumption deprivation, the capabilities approach (CA) looks at poverty as deprivation of opportunities required to lead the life people want to live..
Poverty Perspectives: ‘basic Needs Approach’ Vs. ‘capability Approach'
How a burned out building became one of Poteau's most popular downtown attractions.
Downtown Poteau Town Square (Pocket Park) Revitalization
Winemaking is a multifaceted and delicate process that has transcended centuries and is enjoyed by many cultures. However, the intricate method of creating wine has both numerous positive and negative environmental, social as well as economical impacts.
The Environmental, Social and Economic Impacts of Winemaking
Meaning and assumptions of consumer's surplus - Measurement of consumer's surplus: The law of diminishing marginal utility approach and the indifference curve approach.
Consumer’s Surplus: Meaning and Measurement
How does the Federal Reserve use interest rates to control the economy, and how do these changing interest rates affect you as a consumer or business owner?
The Federal Reserve, Interest Rates, and You
Natural wool textiles are the best fabrics used during the winter to provide warmth. In this article you will know the history of wool, characteristics of wool fibers, woolen microstructure, sheep wool types, wool manufacturing process, uses, and the good washing of wool fabrics.
Natural Wool: Its Characteristics, Manufacturing Process, and Good Washing of Woolen Fabrics
Meaning of consumer's equilibrium - assumptions - budget line or price line - indifference map - necessary conditions for consumer's equilibrium - deriving consumer's equilibrium graphically
How to Derive Consumer's Equilibrium Through the Technique of Indifference Curve and Budget Line?
Many products that used to last a lifetime now break down in a few years forcing consumers to buy a replacement.
The Throwaway Economy