Cause and Effect

August 31, 2024 4 min read Definitions

Causality: The Relationship Between Cause and Effect

Mathematics Science Philosophy Social Sciences Causality Cause and Effect Philosophy Science Correlation

An exploration of causality, its historical context, types, key events, detailed explanations, and importance in various fields.

August 31, 2024 5 min read Definitions

Knock-On Effect: Chain Reactions in Economics

Economics Finance Economic Theory Cause and Effect System Dynamics Chain Reaction Equilibrium

Understanding the Knock-On Effect in Economics: An in-depth exploration of how one action or event can have secondary or indirect consequences, impacting the entire economic system until a new equilibrium is reached.

August 24, 2024 3 min read Definitions

The Pareto Principle: Understanding the 80/20 Rule

Economics Business Productivity Pareto Principle 80/20 Rule Efficiency Cause and Effect Business Strategy

The Pareto Principle, also known as the Pareto Rule or the 80/20 Rule, is a statistical concept that asserts an unequal relationship between inputs and outputs, where 80% of consequences come from 20% of the causes. This principle has broad implications across various fields including economics, business, and personal productivity.