The Top 3 Benefits of International Trade

The Top 3 Benefits of International Trade

What are the benefits of international trade? How does foreign trade affect the internal job sector? International trade allows scarce global resources to go towards their most valuable uses. This may mean a loss of jobs in one sector with the creation of jobs in another, but the economy is overall more efficient and the population at large benefits. In this article, we’ll look at the three primary benefits of international trade: absolute advantage, comparative advantage, and economies of scale.

The Ideal Team Player: Book Overview

The Ideal Team Player: Book Overview

What is The Ideal Team Player about? What are the key qualities of an effective team player, according to its author Patrick Lencioni? In his book The Ideal Team Player, author and business consultant Patrick Lencioni explains how to spot, hire, and coach a model team player. Building on his previous book, The Five Dysfunctions of a Team, which focused on group dynamics, he defines three essential personal qualities or “virtues” the ideal team player embodies—humility, hunger or drive, and people skills. Below is a brief overview of the key concepts and takeaways.

The Power of Positive Thoughts: Believe and Succeed

The Power of Positive Thoughts: Believe  and Succeed

Do you believe that you can manifest reality with your thoughts? How do thoughts influence one’s personality and life experiences? Your thoughts are powerful—they dictate the type of life you lead, the kind of person you are, and the experiences you have. Your thoughts can create or change the conditions around you. You can think yourself into or out of a situation. Here is how you can embrace the power of positive thoughts to change yourself and your life for the better.

Improve Your Learning Retention: Retrieval Practice

Improve Your Learning Retention: Retrieval Practice

What’s the best way to practice memory retention? How do you improve the accuracy and the speed with which you recall information? The most effective way to improve learning retention is through retrieval practice. Retrieval is any exercise that requires you to recall the information or skill you’ve learned. Retrieval practice can take the form of a classroom quiz, self-testing with flashcards, and making up your own questions about key concepts to test yourself later. Learn more about how to improve learning retention using retrieval practice.

Patrick Lencioni’s Fable About The Ideal Team Player

Patrick Lencioni’s Fable About The Ideal Team Player

What are the three virtues of Patrick Lencioni’s ideal team player? How does cultivating these qualities in your employees help you level up their performance? In his book The Ideal Team Player, Patrick Lencioni explains how to spot, hire, and coach a model team player—someone who is humble, hungry, and smart. Through the fictional story of a man who takes over his uncle’s troubled construction company, he explains how these three simple qualities combined can transform any organization. Here goes the fable of Patrick Lencioni’s ideal team player model.

The Factors That Cause Salary Inequality

The Factors That Cause Salary Inequality

Why do some people earn more than others? What factors determine a person’s pay? Labor—people’s time, energy, knowledge, and skills—is a scarce resource. Just like any other resource, pricing labor allocates scarce resources that have alternative uses. For example, paying engineers higher salaries than artists shifts people’s time toward engineering, where their output to society may be larger.  In this article, we’ll discuss what determines a person’s pay and why salary inequality is the case.

Having Low Energy? Your Mind May Be the Problem

Having Low Energy? Your Mind May Be the Problem

Do you feel low on energy for no apparent reason? Do you constantly feel tired, struggling to summon enough energy to enjoy life and do what needs to be done? According to Norman Vincent Peale, the author of The Power of Positive Thinking, having low energy is often the result of what’s going on in your mind—your thoughts affect how you feel physically. When your thoughts tell you you’re tired, the body accepts this and feels tired. But when your mind and thoughts are engaged and interested in what you’re doing, you have the energy to keep going indefinitely.  Here

Memory Distortions: Reconstructing the Past

Memory Distortions: Reconstructing the Past

Is memory an accurate record of the past? Can you think of a memory that you remember in vivid detail? Do you believe those details are accurate? Memories are mere representations of events—not accurate recordings—and thus they easily become distorted. There’s no way you can remember every detail of an experience. Instead, you remember certain aspects, and when you call up the memory, you unconsciously fill in the details. This lends itself to memory distortions. Here is how memories become distorted and how they affect your learning process.

The Role of Profit Incentives in Consumer Welfare

The Role of Profit Incentives in Consumer Welfare

How does the incentive of profit contribute to consumer welfare? What role does it play in economic efficiency? Business profit is the price society pays for efficiency, quality, and low cost. Without the profit incentive, businesses would be less efficient, producing lower quality goods with less concern for cost, as in the Soviet Union. In this article, we’ll discuss the role of the profit incentive in consumer welfare, how business profits are measured, and how they incentivize efficiency.

The Healing Power of God Is the Best Medicine

The Healing Power of God Is the Best Medicine

Can faith in God heal physical ailments? How can the simple act of believing and trusting in the divine principle help to cure a bodily disease? According to Norman Vincent Peale, the author of The Power of Positive Thinking, faith, when understood and applied in the right manner, can be a powerful factor in overcoming health obstacles. He argues that the amazing power of faith is not used enough in healing. Faith can work miracles, but these miracles are actually the result of spiritually scientific principles. Here is how the healing power of God can be combined with medicine to