As a person I just made up said, “Success in life is good, but sometimes failing when you had a shitty idea at the start is not bad either”. It’s a real life lesson that happens to be verified when we take a look at all those things that almost changed our existence in the…
It’s always a bit annoying to lose a suitcase or a travel bag during your vacation, especially when it’s the fault of the company you’re traveling with. But it can also become a strange surprise for the teams who have to deal with these famous lost packages, because sometimes you can find really strange things…
Deflation is a decrease in the general price level of goods and services in a country. It is the opposite of inflation, which is when general price levels in a country are rising. In the short-term, deflation impacts consumers positively because it increases their purchasing powerallowing them to save more money as their income increases…
Typically, deflation is a sign of a weakening economy. Economists fear deflation because falling prices lead to lower consumer spending, which is a major component of economic growth. Companies respond to falling prices by slowing down their production, which leads to layoffs and salary reductions. This further lowers demand and prices. However, for a period…
The European Union sealed an agreement on Tuesday, December 6, 2022: a law aimed at banning the import of products resulting from deforestation in the territory. How historic a decision, since this is the very first time (on a global scale) that such an agreement has been signed! If Europe makes this choice first, it…
The reality of going out is that…you need to spend hours on end sleuthing around your wardrobe finding the perfect pieces that match with each other, or that suit the occasion or just instantaneously make you look fabulous. Then comes the dreaded nightmare of finding the apt pair of shoes and accessories and doing ALL…
What Is an Allowance for Bad Debt? An allowance for bad debt is a valuation account used to estimate the amount of a firm’s receivables that may ultimately be uncollectible. It is also known as an allowance for doubtful accounts. When a borrower defaults on a loan, the allowance for bad debt account and the…
It’s not always easy to be rich in real life! I say that because experience, because with my 50 euros in my bank account, I can see that my life is more complicated. We must think about investing in polluting companies, controlling tax havens, while regularly complaining about our problems of being rich. Really, the…
What Is Physical Capital? Physical capital is one of what economists call the three main factors of production. It consists of tangible, human-made goods that assist in the process of creating a product or service. The machinery, buildings, office or warehouse supplies, vehicles, and computers that a company owns are all considered part of its…