The initial price for any material, product, or commodity is the cost or factory price. Then costs and profits of the first and second sellers are added until it is offered in markets at two prices: wholesale and retail.
Ultimately, the final retail price must be suitable and acceptable to the target audience and market, proportionate to the value the … Read the rest
Kuwaiti house designs, and modern neighborhoods by extension, lack some important qualities and elements of natural human habitation and urban settlements. They are missing:
Civility
Architecture
Urban presence
Objective identity
Sustainable approach
Pattern and spirit
Proportion and proportionality
Efficiency
Functionality
Consideration and care
They also lack:
Flourishing life
Humanity
Social responsibility
Beneficial neighborliness
Harmonious fabric
Warmth and intimacy
Affection and … Read the rest
Based on “supply and demand,” excess money in a financial system beyond real production weakens the currency. While price increases may require income increases, incomes reach a balance point between currency strength and value until things reverse, making the increase effectively meaningless.
The theory of inflation and money supply relationship also confirms that “inflation and money supply are closely linked, … Read the rest
Two essential elements in the architectural design of any dwelling across human cultures and civil societies throughout the ages provide protection from external factors, a private sanctuary for its occupants, and other important benefits: the exterior fence and the interior courtyard (al-hawsh).
From a certain perspective, there are many similarities between the Kuwaiti house and the Thai white elephant.
The white elephant is a rare species. Therefore, in the ancient kingdom of Siam (Thailand), it was considered a sacred animal with high religious, moral, and material value. However, the king gifting such an elephant to someone could be the worst thing to … Read the rest
The concept of private bathrooms evolved from private bathing rituals and the decline of public baths, becoming more common in the 19th and 20th centuries with advancements in plumbing technology. The private bathroom became a standard for luxury and comfort.
Master bedrooms in their current concept spread as a result of the economic prosperity experienced by American society … Read the rest
