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Free Trade – Explained + Examples

March 17, 2023 Young Entrepreneur barriers, Canada, China, competition, consumers, customs union, developing countries, Economic growth, efficiency, European Union, exploitation, foreign trade, Free trade, free trade agreements, global scale, goods, industries, international organization, international trade, investment, job losses, lower prices, member countries, Mexico, NAFTA, North American Free Trade Agreement, Open Door Policy, quotas, services, specialization, subsidies, tariffs, TPP, trade agreement, trade barriers, Trans-Pacific Partnership, United States, workers, World Trade Organization, WTO

Free trade refers to a system of international trade that allows goods and services to move between countries without any

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

Economic Systems + Examples

March 3, 2023March 3, 2023 Young Entrepreneur abuse of power, allocate, capitalist economy, central planning, command economy, competition, complexity, consumption, corruption, decision, demand, distribution, Economic growth, economic system, efficiency, environmental degradation, environmental goals, goods, government, Impact, income inequality, individual freedom, informed decision, innovation, institutions, intervention, laws, market economy, market transactions, mixed economy, modern economy, policies, policymaker, production, property, quality, regulation, resource, resources, services, shortage, social, social welfare, society, supply, taxation, transaction, unemployment

An economic system is a complex network of institutions, laws, and policies that govern the production, distribution, and consumption of

Economic Indicators – Explained + Examples

March 3, 2023March 3, 2023 Young Entrepreneur actively seeking employment, borrowing, central banks, consumer goods, Consumer Price Index (CPI), consumer sentiment surveys, control, cost of living, country, development, Dow Jones Industrial Average, Economic growth, economic performance, economic policies, environment, equality, finance, goods, governance, Gross Domestic Product (GDP), income, indicator, inflation, Inflation Rate, interest rates, investor confidence, job market conditions, Labor force, lending behavior, living standards, manufacturing data, measure, measurement, overall economic health, performance, poverty, prices, production, progress, prosperity, purchasing power, resources, S&P 500, social, society, stability, stimulate, stock market, Stock Market Indices, sustainable, total value, track, trade balances, unemployed, unemployment, Unemployment Rate

An economic indicator is a metric or data point that provides important information about the health of an economy. Economic

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

Consumer Behavior – Explained

February 21, 2023February 21, 2023 Young Entrepreneur actions, advertising, analyzing, basic necessity, beliefs, Consumer behavior, cultural factors, data analysis, decision-making process, decisions, desires, economic factors, factors, family, focus groups, friends, goods, households, individuals, luxury item, market research, marketing strategies, needs, patterns, personal preferences, profits, psychological factors, purchase, purchasing, research, sales, services, social factors, surveys, trends, usage, values

Consumer behavior refers to the actions and decisions made by individuals and households when purchasing and using goods and services.

Channel of Distribution – Explained

February 20, 2023February 20, 2023 Young Entrepreneur after-sales service, Agents, airport kiosks, amazon, auctions, authorized, branding, catalogs, Channel of distribution, convenience, cost, Dealers, direct selling, distributors, door-to-door sales, e-commerce, ebay, end consumer, everyday products, franchises, goods, high-end stores, home delivery, in-store displays, intermediaries, luxury goods, manufacturer, marketplaces, mass retailers, multiple vendors, online marketplaces, Online Stores, pathway, person-to-person sales model, physical location, purchase products, resellers, Retail Stores, retailers, sales representatives, services, supplier, supply chain, target market, telephone sales, television shopping channels, trade shows, vending machines, virtual storefront, website, wholesalers

A channel of distribution, also known as a distribution channel, is a pathway through which goods and services move from