Category: Economics

The Pareto Principle, also known as the 80/20 rule, is a powerful concept that has widespread applications. It suggests that 80% of outcomes or results

Imagine you need to transport a single kilogram of sugar from Kampala to Jinja, which is about eighty kilometers away, using a truck. Naturally, you’d

The paradox of plenty, also known as the resource curse, is an interesting concept from economics that can be surprisingly relevant to our personal finances.

Rearing one chicken is relatively more expensive than rearing 100 chicken. You will need to hire someone to raise the one chicken. You need to

The costs of goods and services have gone up drastically. Prices for basic commodities like soap, cooking oil, fuel, etc. have all increased. The reason