Understanding Trends and Fads

A pattern of change in behavior, attitudes, values, or preferences within a group over time. It can be observed in various aspects of society like culture, fashion, technology, and social norms.

A long-term direction of an economy, which can be upward (growing), downward (shrinking), or sideways (stable). It reflects changes in factors like wages, employment, and overall economic activity.

A phenomenon that occurs repeatedly over time and provides insights into future possibilities.

An intense but short-lived fashion or enthusiasm for something. It has a quick rise in popularity followed by a quick decline.

Unlike trends, which have a long lifespan and gradually rise in popularity, fads have a short lifespan and quickly emerge and disappear.

A fad product usually does not meet a significant consumer need. Therefore, its popularity quickly drops, leaving only a few loyal followers.

Trends can extend beyond single industries and influence broader cultural aspects, affecting various domains like politics, beliefs, lifestyle, economics, and social life.

A trend that goes against the prevailing direction of a larger group or market.

The duration of time a trend remains popular, often long-lasting.

The level of acceptance a trend enjoys within a culture or industry.

The cultural context that supports a trend, often rooted in traditions or values.

The gradual increase or decrease in the popularity of a trend over time.

Key elements that influence the rise, fall, or evolution of a trend.

The idea that trends emerge from the combination of individual elements.

The continuous growth and evolution of trends, from small to bigger.

The ability to identify patterns as a skill in trendspotting.

The first step in solving a problem, where you clearly define what the issue is.

Carefully examining the problem to understand its root causes and its impact.

Coming up with creative solutions to the identified problem.

Putting the chosen solution into action and implementing it.

Evaluating the effectiveness of the solution and reflecting on the outcome.

Understanding and responding to a situation quickly, without needing to think things through logically.

Knowing your strengths, weaknesses, opportunities, and threats helps you strategize and solve problems effectively.

It involves understanding your strengths, weaknesses, opportunities & threats for improved problem-solving.

Making decisions without conscious reasoning, often based on past experiences and emotions.

A decision-making style that involves quick insight and understanding without needing to think things through logically.

The process of increased interconnectedness and interdependence among people, organizations, and governments worldwide, driven by international trade, investment, and technology.

The perception of the world as a whole and a growing understanding of its interconnectedness.

Improvements in living standards, such as better infrastructure, healthcare, and education, often experienced by developing countries as a result of globalization.

Negative effects of globalization on individuals in developed countries, such as job losses or income inequality.

The movement of people, often in large groups, from one place to another.

Work, particularly physically demanding tasks.

The act of moving from one country to another in search of employment opportunities.

A network of interconnected relationships between people, organizations, and governments across borders, fostered by globalization.

A system that encompasses economic and social processes, influencing the global interconnectedness.

The use of the term 'globalization' to describe the integration of global experiences within education.

The interconnectedness of ecosystems through the exchange of materials, such as air and water, and the migration of animals.

The increasing interconnectedness of people and societies due to factors like technology, institutions, and economic activity.

Globalization leads to greater market access for nations, boosting trade and economic growth.

Globalization can exacerbate income inequality between wealthy and developing nations due to economic dominance of large corporations.

Globalization has enabled better communication and access to information through technologies like cell phones and online platforms.