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Consignment stores and online clothing resale sites are part of circular markets for used goods.

The Resale Economy: From Fast Fashion to Circular Markets

Many young consumers are beginning to look at circular markets for gently used clothing instead of relying on mass-produced, disposable "fast fashion." What are the economic incentives behind using circular markets to buy secondhand goods?...
5 min read
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Definitions Business economics

Types of Goods in Economics

Published on October 03, 2024

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Definitions Managing the economy

Pros and Cons of Universal Basic Income (UBI)

Published on October 03, 2024

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Definitions Business economics

Product Life Cycle (PLC)

Published on October 01, 2024

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Definitions Managing the economy

Central Planning

Published on October 01, 2024

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Definitions Managing the economy

Dependency Ratio Definition

Published on October 01, 2024

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Global economics Managing the economy

Did Food Prices Increase during the Great Depression?

Published on September 27, 2024

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Managing the economy Global economics

Does the US President Control Inflation?

Published on September 27, 2024

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Definitions Business economics

Primary Sector Economics

Published on September 19, 2024

A man working on a task in front of a small, cluttered shop filled with tools, materials, and everyday items.
Definitions Labour markets

Backward Bending Supply Curve

Published on September 04, 2024

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Definitions Managing the economy

Capital Accumulation

Published on August 31, 2024

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A suited man with a bag on his head labeled "TAX" points towards the viewer against a mint green background.

7 Common Tax Mistakes That American Expats Make and How to Avoid Them

Just because you move to another country doesn’t mean Uncle Sam forgets about you. Unlike most countries, the US taxes its citizens no matte...
5 min read

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Digital nomad visas can allow remote workers to live in other countries, bringing in revenue but straining local communities.
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