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Interest Rate – Explained + Examples

March 24, 2023March 24, 2023 Young Entrepreneur annual percentage rate (APR), borrower, borrowing, businesses, central banks, consumers, control inflation, currencies, direction of the economy, economic environment, Federal Reserve, financial institutions, fixed, inflation, Interest rate, lender, loan, lower, market, money, percentage, profitability, promote economic growth, raise, riskiness, spending, variable

An interest rate is essentially the cost you pay to borrow money from a lender. It’s a percentage of the

Financial Market – Explained + Examples

March 15, 2023March 15, 2023 Young Entrepreneur Agricultural Products, Bitcoin, bond market, bonds, businesses, buyers, central authority, centralized trading, commodities, commodity market, corporate bonds, cryptocurrency market, currencies, decentralized, derivatives, derivatives market, digital currencies, economy, electronic, Ethereum, financial assets, financial contracts, financial market, flow of capital, foreign exchange market, forex market, formal rules, futures, gold, government, government bonds, governments, initial public offering, investors, market, new financial assets, New York Stock Exchange, oil, options, organized markets, over-the-counter, ownership, physical goods, primary market, publicly traded companies, raise capital, return on investment, secondary market, sellers, silver, stock, stock market, stocks, traded, traders, trading, underlying asset

A financial market is a marketplace where financial assets are traded between buyers and sellers. Financial assets include stocks, bonds,

E-commerce – Explained

March 6, 2023March 6, 2023 Young Entrepreneur accommodations, Airbnb, amazon, apartments, b2b, b2c, beauty, Best Buy, books, brick-and-mortar stores, business, businesses, buyers, buying, c2b, c2c, clothing, commercial transactions, consumers, convenience, costs, customers, delivery services, drivers, e-commerce, e-commerce platform, electronic platforms, electronics, electronics retailer, Etsy, fashion retailer, glasses, Glossier, goods, groceries, handmade, houses, in-store pickup, mobile apps, modern economy, online, online eyewear retailer, online marketplace, online platform, online retailer, online shopping, Online Stores, physical stores, products, retail giant, revolutionizing, riders, rooms, sellers, selling, services, shopify, short-term stays, skincare brand, social media, transportation services, try on, uber, vintage goods, Walmart, Warby Parker, websites, wider customer base, Zara

E-commerce refers to the process of buying and selling goods or services online. It involves using electronic platforms such as

Economies of Scale – Explained + Examples

March 3, 2023March 3, 2023 Young Entrepreneur average cost, bulk, businesses, communication breakdowns, competitiveness, competitors, cost advantages, cost per unit, Diseconomies of scale, Economies of scale, economies of scope, efficiency, efficient equipment, equipment, facilities, factory, fixed costs, healthcare provider, improve competitiveness, increase efficiency, industries, large retailer, large volume, level of production, logistical challenges, lower cost, lower prices, management, management inefficiencies, market share, medical equipment, multiple locations, negotiate, operations, optimization, patient, processes, reduce costs, resources, software, suppliers, technology company, unit of production

Economies of scale refer to the phenomenon where the cost of producing a unit of output decreases as the scale

Deflation in Economics – Explained + Examples

February 27, 2023February 27, 2023 Young Entrepreneur 1929, 1933, 1990s, 2000s, asset bubbles, businesses, central banks, competition, competitive, consumer demand, Consumer Spending, consumers, COVID-19 pandemic, currency, decrease, Deflation, demand, economic activity, economic stagnation, economy, Eurozone, global financial crisis, goods, Great Depression, industries, inflation, interest rates, inventory, japan, job losses, monetary policies, money supply, price level, prices, productivity, purchases, purchasing power, services, spending, supply, technologies, U.S., wages

Deflation is a term used to describe a decrease in the overall price level of goods and services in an

Debt – Explained

February 24, 2023February 28, 2023 Young Entrepreneur agreement, assets, Bankruptcy, bonds, borrowing, businesses, consequences, credit cards, credit scores, debt, financial institutions, financial obligations, financing, funds, governments, individuals, interest, investing, loans, manage, mortgages, pay back, projects, prudently, public services, time

Debt is the term used when someone owes money to another person or entity. This can be individuals, businesses, or

Corporate Strategy – Explained

February 22, 2023February 22, 2023 Young Entrepreneur adaptability, businesses, channels, company, competitive landscape, core competencies, Corporate strategy, customers, decisions, emerging trends, employees, environmental sustainability, evaluation, external challenges, finance, financial losses, functional strategies, human resources, internal challenges, investment priorities, leadership development, long-term goals, marketing, markets, missed opportunities, mission, monitoring, objectives, operations, organizational design, outdated, performance management, plan, products, profitability, reputational damage, Resource allocation, risk management, services, shareholders, social sustainability, stakeholder dissatisfaction, stakeholders, sustainable competitive advantage, sustainable growth, talent attraction, talent retention, technologies, top-level management, value, values, vision

Corporate strategy is the general plan that guides a company’s long-term goals and objectives. It outlines how the company aims

Competition in Business – Importance

February 21, 2023February 21, 2023 Young Entrepreneur adapt, advertising, businesses, competition, crowded markets, customers, differentiate, growth, industry, innovation, market, market share, marketing, profits, reputation, Research and development, rivalry, smaller businesses, strategy

Competition refers to the rivalry between businesses operating in the same market or industry. In a competitive market, companies strive