[Thought] Smart Consumption

Every year in North America, there are a couple of occasions when we can find huge discounts on almost everything. Black Friday sales in the US or Boxing Day sales in Canada are well known. Another major opportunity is the Amazon Prime Day sales, which occur from time to time. Even weeks before the event, we are bombarded by advertisements from Amazon and shopping guides from all types of media.

Continue reading “[Thought] Smart Consumption”

[Thought] Utopia

Utopia is a word derived from the Greek prefix “οὐ (ou-), not,” and “τόπος (topos) – place,” with the suffix “-iā (-ία)”, which is a typical ending of place names (toponym). Utopia literally means “nowhere.” Also, Utopia can be interpreted with the Greek prefix “eu-, good”; a good place.

Continue reading “[Thought] Utopia”

[Thought] Price and Value

In our everyday lives, we want many different goods, which we need as necessities, for satisfaction, or even just for showing off.

We may want many things, but we have only limited resources – money – to exchange for goods. It is the heart of modern Economics – scarcity and decision making.

Continue reading “[Thought] Price and Value”