The Veblen Effect

Veblen effect is an abnormal market behavior where consumers purchase the higher-priced goods whereas similar low-priced (but not identical) substitutes are available. It is caused either by the belief that higher price means higher quality, or by the desire for conspicuous consumption (to be seen as buying an expensive, prestige item). Named after its discoverer, the US social-critic Thorstein Bunde Veblen (1857-1929).

First Experience of Vaccine | COVID-19

The COVID-19 pandemic is a global crisis, with devastating health, social and economic impacts. COVID-19 can cause severe disease and death. Safe and effective vaccines are needed because they protect individuals from becoming ill. It’s not a guarantee but it will definitely boost your immunity for whatever is to come next. A COVID‑19 vaccine is a vaccine intended to provide acquired immunity against COVID‑19.

10th Anniversary of Indrosphere

Ten years ago, the first post on Indrosphere was published. It feels like I’ve been blogging forever, but at the same time, those ten years went by quickly! Blogging has been a big part of my life. I think blogging has made me a better human though. It’s been an amazing 10 years. The posts have received 158,956 visitors from 187 countries, 378,913 views, 9,025 likes, and 2,603 comments. We’re humbled. We want to thank the readers and 1,591 followers of this blog. We appreciate your encouragement and kind words.

The Birth of a Landmark for World Civilization | Baghdad

The Baghdad city was founded in the month of July, 762 CE. Where Iraq stands today is historically known as ‘the cradle of civilisation’. This land, also called Mesopotamia — the fertile land around the Tigris and the Euphrates rivers, saw the rise and fall of great ancient empires like the Sumerian, Babylonia, Assyria, and the Akkadian empire. As Baghdad was built on the trade route which linked central Asia with eastern lands, it became a trade hub with markets offering goods not only from all parts of the Muslim world but from Europe and far off countries like India and China.

The Sun is also in Lockdown!

While we on Earth suffer from coronavirus, our star — the Sun — is having a lockdown all of its own. The sun has been reported to have a ‘very deep’ solar minimum with 100 days of 2020 not seeing any sunspots on its surface. The sun is heading toward solar minimum now.