Just shooting the breeze
Cowrie shells, now a commodity that can be bought at department stores, were once a precious item of trade.
Cowrie shells are normally seen on necklaces. You can grab one for pretty cheap in department stores.
But even though they’re pretty worthless nowadays, these tiny little shells were once a form of currency.
Let’s take a ride back into time. Continue reading “The Amazing History of Cowrie Shells”
Want to understand economics better? Here are 7 must-know economic concepts that will help you with just that.
In my previous blog post on economics, I talked about what this social science is and what the differences between microeconomics and macroeconomics are.
However, if you somehow forgot (or, tsk tsk, didn’t read it), economics is the study of the economy.
It is split into two sections –microeconomics (or the study of the economy at the individual level) and macroeconomics (or the study of the economy at the national level).
I also used Target’s expansion to Canada as an example to explain the two different facets.
As I was doing the research for that (and this) article, I realized that economics is a complex social science.
I totally forgot that. It has been a few years since I took an econ class.
There are a lot of terms and theories that can become confusing if you know nothing about it (or just forgot it). Continue reading “7 Must-Know Economic Concepts”
What is economics? It is a fascinating science that studies how production and distribution affect the economy and vice versa.
Are you wondering what economics is? It’s the scientific study of the economy. It analyzes the growth of (or lack thereof) the economy by studying the production, distribution, and consumption of goods and services habits of a nation.
The social science of economics can be broken down into two disciplines: microeconomics and macroeconomics. Continue reading “What is Economics?”