Researchers from University of Texas A&M and University of Texas at Austin published a new paper in the Journal of Marketing that examines how incumbent domestic companies can use marketing tools to counter the threat of ...
Economics & Business
1 hour ago
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2
A new paper co-written by a University of Illinois expert in the use of financial information in capital markets examines the relationship between political corruption and firm value in the U.S., and what prevailing forces ...
Economics & Business
Jul 18, 2019
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3
The first rule on the stock market is to buy low and sell high. Economists are well aware of how this behaviour changes the prices of stocks, but in reality, trades alone don't tell the whole story. Parties like banks and ...
Economics & Business
Jul 18, 2019
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4
On the surface, the well-being of the American worker seems rosy.
Social Sciences
Jul 18, 2019
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394
It started as a simple sales promotion, but Amazon's Prime Day has now morphed into a major phenomenon joined by scores of retailers jockeying with the US colossus for a bigger slice of the e-commerce pie.
Business
Jul 13, 2019
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Why does a 55-year-old worker earn on average around 40 percent more than a 25-year-old? Is there a link between average wage growth and rising wage inequality? Many answers to these fundamental questions have so far remained ...
Economics & Business
Jul 11, 2019
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A new paper co-written by a University of Illinois expert who studies labor economics says the minimum wage is an effective tool to increase the incomes of older workers who are at or near retirement and—contrary to the ...
Economics & Business
Jul 10, 2019
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The E-scooter market has exploded over the past two years but operators are by no means assured of finding a long-term niche in the urban transport sector.
Business
Jul 05, 2019
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1
Do differences in performance have an impact on the appetite for risk-taking in decision-makers? Economists at the University of Göttingen have addressed this question. The result of their study is that people's willingness ...
Economics & Business
Jul 03, 2019
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A forklift winds its way through the cavernous warehouse in search of a pallet, which it then ferries to a truck, crossing along its way other forklifts and then the driver ... oh wait, there is no driver.
Business
Jul 03, 2019
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A market is any one of a variety of different systems, institutions, procedures, social relations and infrastructures whereby persons trade, and goods and services are exchanged, forming part of the economy. It is an arrangement that allows buyers and sellers to exchange things. Markets vary in size, range, geographic scale, location, types and variety of human communities, as well as the types of goods and services traded. Some examples include local farmers’ markets held in town squares or parking lots, shopping centers and shopping malls, international currency and commodity markets, legally created markets such as for pollution permits, and illegal markets such as the market for illicit drugs.
In mainstream economics, the concept of a market is any structure that allows buyers and sellers to exchange any type of goods, services and information. The exchange of goods or services for money is a transaction. Market participants consist of all the buyers and sellers of a good who influence its price. This influence is a major study of economics and has given rise to several theories and models concerning the basic market forces of supply and demand. There are two roles in markets, buyers and sellers. The market facilitates trade and enables the distribution and allocation of resources in a society. Markets allow any tradable item to be evaluated and priced. A market emerges more or less spontaneously or is constructed deliberately by human interaction in order to enable the exchange of rights (cf. ownership) of services and goods.
The historical origin of markets is the physical marketplaces which would often develop into small communities, towns and cities.[citation needed]
This text uses material from Wikipedia, licensed under CC BY-SA
