Learning economic theory is one thing, developing the tools to make business decisions is another. Economics will teach you the basics and also give you concrete tools for analysis. For example, conjoint analysis is a statistical approach to measuring consumer demand for specific product features. This tool will allow you to get at the surprisingly complicated feature versus price tradeoffs that consumers make every day.

Superintelligence;Intelligence is very powerful. A tiny increment in problem-solving ability and group coordination is why we left the other apes in the dust. Now their continued existence depends on human decisions, not what they do. Being smart is a real advantage for people and organisations, so there is much effort in figuring out ways of improving our individual and collective intelligence: from cognition-enhancing drugs to artificial-intelligence software.

One last secret, consider to diversify your investment portfolio. Spread your investment across multiple assets such as piggy bank, stocks, commodities, real estate, bank deposits and so on. Remember, digital currencies are a volatile investment and it’s not recommended for most people to invest their life savings. For example, if you have 5000 USD as your total investment, you might invest a large part of it into stable assets and keep 1–10% of it into cryptocurrencies. As for your crypto portfolio, most people start with just one coins (e.g. a little bit of Bitcoin). But with more experience you might find it compelling to research and invest in other reputable cryptocurrencies as well.

Economic theory actually tells us quite little about forecasting the future of the economy: Consumers should cut back their spending if they believe that their earning power will fall for an extended period of time, but if they believe the hard times are temporary—say, a short period out of work—then they should "smooth" by borrowing in hard times and paying back when things pick up. Because of smoothing, consumption should not shrink as much as the

In common language, the terms "rich" and "poor" are often used in a relative sense: A "poor" person has less income, wealth, goods, or services than a "rich" person. When considering nations, economists often use gross domestic product (GDP) per capita as an indicator of average economic well-being within a country. GDP is the total market value, expressed in dollars, of all final goods and services produced in an economy in a given year. In a sense, a country's GDP is like its yearly income. So, dividing a particular country's GDP by its population is an estimate of how much income, on average, the economy produces per person (per capita) per year. In other words, GDP per capita is a measure of a nation's standard of living. For example, in 2016, GDP per capita was $57,467 in the United States, $42,158 in Canada, $27,539 in South Korea, $8,123 in China, $1,513 in Ghana, and $455 in Liberia (Figure 1).2

Gold is easy to track because it has a global tracking system. This helps to preserve the value of the investment option because it makes it harder to fake, steal or misroute.

Addressing the fact that an estimated 250 million children worldwide are not learning the basic skills they need to enter the labor market is more than a moral obligation. It amounts to an investment in sustainable growth and prosperity. For both countries and individuals, there is a direct and indisputable link between access to quality education and economic and social development.

Education allows us to connect the dots of the various pieces of information we gather and interpret it based on our own diaspora.  Formal education is one way to gain knowledge but the interaction with people and being critical and in the moment of what surrounds us allows application and the personal growth that creates a thoughtful person.

I agreed with you. I believe too. We still have to be careful.