Fast Facts For Curious Minds

BUSINESS AND ECONOMICS

  • Monopoly: Characteristics, Advantages, Disadvantages
    A monopoly is one of the four major types of market structures alongside perfect competition, monopolistic competition, and oligopoly. It is generally characterized by the absence of competition in which a single producer or seller provides or supplies a particular product in a specific market or ...
  • Perfect Competition: Advantages and Disadvantages
    A market or industry is considered under perfect competition if it has a sizeable number of producers or sellers offering homogenous products to a large number of consumers or buyers. These are the fundamental characteristics of this market structure. Some of the characteristics of this structure ...
  • Characteristics of Perfect Competition
    One of the four major types of market structures is perfect competition characterized by a sizeable number of firms or producers operating and competing in a particular market or industry offering the same products with no differentiation. These firms or producers are fundamentally offering ...
  • Monopolistic Competition: Advantages and Disadvantages
    Markets considered under a monopolistic competition structure are common in market and mixed market economies. The smartphone market is a prime example because it adheres to key characteristics such as the presence of numerous firms offering similar albeit differentiated products for a large target ...
  • Characteristics of Monopolistic Competition
    Monopolistic competition is one of the four major types of market structures along side perfect competition, oligopoly, and monopoly. It is characterized by the presence of numerous firms operating within a particular market or industry offering competing products that are somewhat similar but have ...
  • Types of Market Structures
    Market structures represent the economic environment in which firms or businesses operate and compete with one another. A particular industry or sector can be characterized by its market structure depending on the intensity of competition among involved firms, as well as the prevailing barriers to ...
  • Characteristics of a Centrally Planned Economy
    A centrally planned economy is an economic system and a specific type of a planned economy in which economic decisions are made by a central government rather than the interaction among market participants such as consumers and producers. Note that there are key similarities between a command ...
  • Command Economy: Advantages and Disadvantages
    Key characteristics of a command economy such as central government control and public ownership have appealed to thinkers and leaders who believe that the function of a government in the economy should center on owning and controlling the means of production. Hence, this economic system has been ...

HEALTH AND MEDICINE

  • Effectiveness of Topical Vitamin C in Skin Lightening: Studies
    Vitamin C is one of the popular ingredients used in the formulation of topical skincare products aimed at whitening or lightening the skin, especially in treating hyperpigmentation due to photodamage caused by exposure to ultraviolet radiation or in reducing dark spots caused by blemishes, ...
  • Vitamin C Serum: Benefits and Effectiveness
    A vitamin C serum is a skincare product based on a serum formulation and applied on the face or specific areas of the skin that provides high doses of topical ascorbic acid or its esters and precursors such as ascorbyl-6-palmitate or magnesium ascorbyl phosphate. Note that a serum is a specific ...
  • Purpose of Toner in Skin Care: The Basics
    Toners collectively represent a specific category of skincare products. As one of the mainstays in a typical daytime and nighttime skincare routine, a face toner is generally a no-rinse liquid-based cleanser used after washing the face. But what does it do? What are its uses and benefits? And how ...
  • Serum in Skin Care: Purpose, Benefits, and Effectiveness
    A “serum” or face serum is a specific category of skincare products topically applied on the face, usually after cleansing and before putting other face care products such as moisturizers or creams. Fundamentally, the word “serum” is a marketing term used to represent a particular class of leave-on ...
  • How UV Radiation Damages the Skin, Causes Cancer
    Ultraviolet or UV is a form of electromagnetic radiation and an electromagnetic wave that sits after the visible light and before x-rays in the electromagnetic spectrum. It has a wavelength that ranges from 10nm to 400nm and frequencies ranging from 30 PHz to 750 THz. Note that the spectrum ...
  • SPF 101: Understanding Sun Protection Factor
    The sun protection factor or SPF is a rating system used in sunscreen labeling to partially aid consumers in choosing the most suitable sunscreen product based on their use-case situations or specific intended application. The factor is based on a measure of the fraction of sunburn-causing ...
  • Titanium Dioxide vs. Zinc Oxide in Sunscreens
    Both titanium dioxide and zinc oxide are used in the formulation of a specific variant of sunscreens. More specifically, these two mineral compounds represent one of the two categories of sunscreen formulation: physical sunscreens. Note that chemical sunscreens are based on organic compounds that ...
  • Guide to Choosing a Sunscreen
    Sunscreen provides protection against the harmful effects of exposure to ultraviolet radiation. However, not all sunscreens are made the same. Some use different classes of active ingredients in their formulation. Others can provide broad-spectrum protection against both UVA and UVB rays. There are ...