Doing an iPhone teardown for the XS Max, we see the cost of the components and the suppliers that extend around the world.
Sort of like the licensing exams required by government for certain professions, the wine industry also determines the credentials of its master sommeliers.
When one bottle of single malt Macallan whisky sells for more than $1 million, we can ask if it was superior taste or some other reason.
When we pay through an honor system, retailers depend on our economic honesty while researchers are trying to understand it.
Not knowing what behavioral economists say about "zero," the Russian Domino's was surprised by the response to a free pizza promotion.
Reflecting our new food preferences, what we've been eating for breakfast, lunch, dinner, and even for dessert has changed.
As a leading indicator for business activity during a natural disaster, the color coding for the Waffle House Index provides a handy forecast.
With many of us rarely going to a theater, we can see why movie attendance is down and the chance for industry disruption is up.
The reason that we cannot resist limited edition drinks like a Starbucks Pumpkin Spice Latte is diminishing marginal utility.
Demonstrating how the right government regulations can make a huge difference, Oregon has marijuana supply problems but not Colorado.












