According to Statista, the global coffee industry is worth US$363 billion in 2020. The market grows annually by 10.6%, and 78% of revenue came from out-of-home establishments like cafes and coffee beverage retailers.
QUANTIFICATION
quantification
(noun) the act of discovering or expressing the quantity of something
quantification
(noun) a limitation imposed on the variables of a proposition (as by the quantifiers ‘some’ or ‘all’ or ‘no’)
Source: WordNet® 3.1
Etymology
Coined by Scottish philosopher Sir William Hamilton: "quantification of the predicate".
Noun
quantification (countable and uncountable, plural quantifications)
The act of quantifying.
(economics) The expression of an economic activity in monetary units.
(logic) A limitation that is imposed on the variables of a proposition.
Synonyms
• quantitation
Source: Wiktionary
Quan`ti*fi*ca"tion, n. Etym: [See Quantity.]
Definition: Modification by a reference to quantity; the introduction of the element of quantity. The quantification of the predicate belongs in part to Sir William Hamilton; viz., in its extension to negative propositions. De Quincey.
Source: Webster’s Unabridged Dictionary 1913 Edition
Recent Word Finds
Word of the Day
7 June 2025
PARSEC
(noun) a unit of astronomical length based on the distance from Earth at which stellar parallax is 1 second of arc; equivalent to 3.262 light years
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