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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

Product Life Cycle (PLC)

Published on October 01, 2024

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Definitions Business economics

Primary Sector Economics

Published on September 19, 2024

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Definitions Business economics

Break-Even Analysis and Equation

Published on August 28, 2024

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Definitions Business economics

ATC Curve

Published on August 13, 2024

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Definitions Business economics

Actuarial Science vs. Economics

Published on August 04, 2024

A hand reaching toward two black cards placed on a wooden surface, one labeled "BUY" and the other labeled "SELL".
Forex Trading Business economics

Trading Platforms Offering More Bespoke Services As Competition Increases

Published on August 03, 2024

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Business economics

Small Business Share of Global Economy Grows As Ecommerce Barriers Decrease

Published on August 03, 2024

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Definitions Business economics

Average Variable Costs in Economics

Published on August 02, 2024

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Definitions Business economics

Historical Cost Principle

Published on August 02, 2024

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Competitive markets Business economics Definitions

Path Dependence and Lock-In: How SAP Shapes the Economics of Gold and Precious Metals Firms

Published on July 02, 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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Thanks to the Internet, consumers share tremendous volumes of personal data with sellers, sometimes without realizing it.
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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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