Global coal consumption increased by 50% from 2000 to 2010, with 75% of growth in Asia-Pacific. Coal meets 30% of global energy needs and generates 40% of electricity. China, the US, India, Japan, and South Africa consume over 80% of coal. Coal production is expected to increase by 50% from 2010 to 2030, and known […]
A vegan diet could reduce food-related greenhouse gas emissions by 70% by 2050, preventing 8.1 million human deaths and saving billions in healthcare costs, according to a 2016 study by Oxford University researchers. Vegans do not eat animal products, including dairy, eggs, cheese, honey, leather, fur and wool, and get protein from sources such as […]
Wine consumption in Britain increased by over 500% between 1960 and 1980 and has continued to rise, with a 25% increase in sales between 1999 and 2003. Britain is now the world’s largest importer of wine. Vatican City consumes the most wine per capita, while Italy, France, Spain, the US, and Argentina are the top […]
Americans now eat more than £30 worth of cheese per person, compared to 5 pounds in 1909. Modern conveniences like pre-cut cheese and miniature cheeses are part of the reason. More than half of US cheese is consumed in commercially prepared foods. Mozzarella is now America’s favorite cheese. The obesity rate in the US has […]
The consumption function is a mathematical expression of consumer spending, based on autonomous and induced spending. Critics argue it doesn’t consider future income. The function involves adding standalone expenses and disposable income spent on induced spending. Self-employed expenses remain constant. Marginal consumer propensity measures how much of an increase in income consumers will spend. The […]
VO2 max is a measure of a person’s maximum oxygen consumption capacity and is used to determine cardiovascular fitness. It can be measured directly in a lab or estimated using indirect methods such as the 1.5-mile run test. Athletes can use their VO2 max data to measure improvement in aerobic levels and calculate specific caloric […]
A switchboard, also known as a residential circuit breaker box, divides the electrical circuit of a household into separate circuits with their own switches. Older switchboards use fuses, while modern ones use circuit breaker switches. Bypassing fuses is dangerous and most US mortgage lenders require circuit breakers. Each breaker or fuse is labeled in amps […]
Consumption smoothing involves balancing spending with saving and investing to ensure a stable financial future. Families can use budgeting software to create workable budgets and track progress. Economists use this concept to assess how well residents balance current spending with future savings. Consumption smoothing is a strategy that requires balancing the continuous purchase of goods […]
Alcohol can have some health benefits in small amounts, but excessive drinking can cause serious health problems, cognitive issues, and even death. One standard drink per day may benefit the cardiovascular system, but more than two standard drinks increase the risk of health problems. Excessive alcohol consumption can cause behavioural, cognitive, and psychomotor changes, and […]
Eating too much sugar can lead to diabetes, obesity, heart disease, and high cholesterol. A recent study found that participants received an average of 16% of their daily calories from sugar, with those consuming at least 25% at twice the risk of low HDL levels and elevated risks for triglyceride levels. Eating too much sugar […]
Drinking too much green tea can cause adverse health effects, including irregular heartbeat, hindering iron absorption, and interactions with medications. High doses of polyphenols in green tea can lead to kidney damage and liver disease. Pregnant or lactating women should use caution. Drinking too much green tea can have a number of adverse health effects, […]
Some women eat their placenta after childbirth for its nutrients and potential benefits, such as improved breast milk production and decreased postpartum depression. However, many people find it unappetizing and argue that there is no scientific evidence to support its benefits. While the placenta contains hormones that may help with postpartum depression, the scientific consensus […]
Consumer staples include products regularly purchased by most consumers, such as food, personal hygiene, home maintenance, and tobacco products. They are items that need to be purchased multiple times due to consistent demand, and come in various brands, sizes, and types. Consumer staples are products that are regularly purchased by the majority of consumers. In […]
Thorstein Veblen coined the term “overt consumption” in his book The Theory of the Leisure Class to describe the nouveau riche’s excessive spending to gain social status. This phenomenon has existed since the Industrial Revolution and was often used to move up a class. Marriage was also a target of consumption for the upper classes. […]
Excise taxes are levied on certain goods and services, such as clothing, gasoline, or prepared food, by local, state, or national tax agencies. They can be used instead of or in addition to income taxes, and are used to generate revenue for community improvements. Different variations of the tax exist, and some countries charge more […]
Fixed assets, such as buildings and manufacturing equipment, lose value over time due to wear, age, and other factors. The consumption of fixed capital reflects this loss and is used for tax and accounting purposes. It is also used in macroeconomic analysis, with CFC accounting for 12% of US GDP in 2009. Fixed assets refer […]
Consumption leveling involves balancing spending with savings and investment to ensure a stable financial outlook in the future. The liquidity constraint is a tool used to exercise restraint in spending income, and accounting software can help create workable budgets. This concept can also be used by economists to assess a country’s financial situation. Consumption leveling […]
The consumption function is a mathematical expression of consumer spending, based on autonomous and induced spending. Critics argue that it does not consider future revenue. The function uses the marginal propensity to consume and is also known as the absolute income hypothesis. The permanent income and life-cycle hypotheses attempt to address its shortcomings. The consumption […]
