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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

Average Variable Costs in Economics

Published on August 02, 2024

A leather wallet with U.S. dollar bills secured by a metal money clip, placed on a dark surface.
Definitions Business economics

Historical Cost Principle

Published on August 02, 2024

An image of a herd of sheep.
Behavioural economics Definitions

Herding Psychology and Economics

Published on July 31, 2024

An image of a house with tall trees in the background.
Definitions Managing the economy

Homeowning Grows the Economy

Published on July 25, 2024

A close-up of hands opening a wallet with visible cards inside against a blurred background.
Definitions Behavioural economics

Loss Aversion Definition

Published on July 24, 2024

A person browsing a website on a laptop with the screen displaying content and a small VELO container placed nearby.

Global Trends in App Development and Their Economic Effects

Published on July 18, 2024

A phone screen displaying different social media applications.

Online Advertising Becomes the Primary Global Economic Driver

Published on July 18, 2024

Global Economy Drivers Are Now Largely Automated

Global Economy Drivers Are Now Largely Automated

Published on July 02, 2024

Irrational Exuberance Meaning
Definitions Behavioural economics

Irrational Exuberance Meaning

Published on June 30, 2024

Variable Cost Definition
Definitions Business economics

Variable Cost Definition

Published on June 23, 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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When consumers can make more small transactions instead of single large transactions, they tend to spend more money overall.
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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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