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  2. Purchasing power - Wikipedia

    en.wikipedia.org/wiki/Purchasing_power

    Purchasing power refers to the amount of products and services available for purchase with a certain currency unit. For example, if you took one unit of cash to a store in the 1950s, you could buy more products than you could now, showing that the currency had more purchasing power back then. If one's income remains constant but prices rise ...

  3. List of countries by service exports - Wikipedia

    en.wikipedia.org/wiki/List_of_countries_by...

    According to the World Trade Organization (WTO), service exports refer to the cross-border sale or supply of services by residents of one country to residents of another country. Service exports can include a wide range of activities such as transportation , tourism, telecommunications, financial and insurance services, computer and information ...

  4. Types of e-commerce - Wikipedia

    en.wikipedia.org/wiki/Types_of_e-commerce

    Consumer-to-business (C2B) e-commerce is when a consumer makes their services or products available for companies to purchase. [2] The competitive edge of the C2B e-commerce model is in its pricing for goods and services. This approach includes reverse auctions, in which customers name the price for a product or service they wish to buy ...

  5. Factors of production - Wikipedia

    en.wikipedia.org/wiki/Factors_of_production

    The utilized amounts of the various inputs determine the quantity of output according to the relationship called the production function. There are four basic resources or factors of production: land, labour, capital and entrepreneur (or enterprise). [ 1] The factors are also frequently labeled " producer goods or services " to distinguish them ...

  6. Supply-side economics - Wikipedia

    en.wikipedia.org/wiki/Supply-side_economics

    Supply-side economics is a macroeconomic theory postulating that economic growth can be most effectively fostered by lowering taxes, decreasing regulation, and allowing free trade. [ 1][ 2] According to supply-side economics theory, consumers will benefit from greater supply of goods and services at lower prices, and employment will increase. [ 3]

  7. Modell's Sporting Goods - Wikipedia

    en.wikipedia.org/wiki/Modell's_Sporting_Goods

    Services. Sporting apparel, Licensed sports gear of the MLB, NHL, NBA, and NFL. Owner. Retail ECommerce Ventures. Website. modells .com. Modell's Sporting Goods Online, Inc. is an online sporting goods and related apparel retailer. Modell's began with operating retail stores between the late 1980s and the late 2010s. [ 1][ 2] In 2020, Modell ...

  8. Goods and services - Wikipedia

    en.wikipedia.org/wiki/Goods_and_services

    Goods are items that are usually (but not always) tangible, such as pens or apples. Services are activities provided by other people, such as teachers or barbers. Taken together, it is the production, distribution, and consumption of goods and services which underpins all economic activity and trade. According to economic theory, consumption of ...

  9. Goods and services tax (Australia) - Wikipedia

    en.wikipedia.org/wiki/Goods_and_services_tax...

    Goods and Services Tax[ 1] ( GST) in Australia is a value added tax of 10% on most goods and services sales, with some exemptions (such as for certain food, healthcare and housing items [ 2]) and concessions (including qualifying long term accommodation which is taxed at an effective rate of 5.5% [ 3] ). GST is levied on most transactions in ...

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