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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 Managing the economy

Automatic Stabilisers

Published on August 30, 2024

A photo of piggy bank with a white background.
Definitions Business economics

Break-Even Analysis and Equation

Published on August 28, 2024

Image of a person counting dollar bills.
Definitions Labour markets

Sticky Wages

Published on August 28, 2024

A calculator, a key, and miniature house models, including a highlighted red one, arranged on a dark surface.
Definitions Managing the economy

Core CPI vs CPI

Published on August 21, 2024

A hand holding euro banknotes in front of a calculator, other currency notes, and financial charts.
Definitions Business economics

ATC Curve

Published on August 13, 2024

People shopping on an outdoor market with white tents lining a street, offering clothes and good.

Paradox of Thrift

Published on August 10, 2024

A photo of a cobweb.
Definitions Competitive markets

Cobweb Theory in Economics

Published on August 04, 2024

A black-and-white photo of two people in the meeting room discussing.
Definitions Business economics

Actuarial Science vs. Economics

Published on August 04, 2024

A black-and-white chess scene with a king and queen standing upright amidst scattered chess pieces.
Definitions Global economics

Economic Defeatism

Published on August 04, 2024

Three copper coins, including British pennies, placed on a white wooden surface.
Definitions Factors of production

Economic Rent Definition

Published on August 03, 2024

Newer Posts
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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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