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From the smartphone in your pocket to the coffee you drink each morning, nearly every product you consume is the result of an economic principle as simple as it is revolutionary

We list a series of examples to understand the meaning of self-realization, dividing them by categories according to the experiences of the human being.

15 examples from everyday life in which we can see how a free market economy develops in today's society.

This article shows several determinants that influence supply; some examples are added to better exemplify the concepts.

Understanding the advantages and disadvantages of the free market economy can help people make better decisions.

Maslow's hierarchy of needs pyramid is a theory that is still alive and is used by different branches of science such as marketing in order to meet the needs of customers.

More than 100 examples of the tertiary sector, also known as the service sector, consists of the provision of services rather than the production of goods.

Capitalism is one of the most important social phenomena in history and today, let's look at some of its most interesting characteristics.

This article covers the role of self-interest, decentralization, division of labor, unintended consequences and potential drawbacks of the Invisible Hand.

This article explains with several examples from everyday life the concept of the invisible hand applied to everyday life.

This article discusses different points of view with examples to understand the application of the concept of division of labor in daily life.

Discover the importance of Secondary Economic Activity in today's global economy. From manufacturing and construction to technology and innovation, explore how this sector contributes to the growth and development of businesses and societies around the world.

In this article we will discover the concept of the Heckscher-Ohlin Model, practical examples, its characteristics and criticisms.

This article will explore the different concepts of substitute goods, practical examples, their characteristics and the different types of goods that exist.