https://www.retailbrew.com/stories/2023/01/11/resale-therapy-the-secondhand-outlook-for-2023Links to an external site. Used goods aka resale goods are not included in GDP. The article
Question:
https://www.retailbrew.com/stories/2023/01/11/resale-therapy-the-secondhand-outlook-for-2023Links to an external site.
Used goods aka resale goods are not included in GDP. The article above pertains to the clothing resale market but the list of markets with a healthy resale segment is endless.
1. Do you agree that there is a strong economic outlook for resale goods?
2. What is an example or examples of used goods you or your family purchases?
3. What opportunities does the resale market open for market players - small business, jobs, middlemen and applications?
4. How do used goods serve as a substitute or complement to other goods and what is the effect on that good's demand? Give examples.
5. What is the role of current events on the resale markets? You can include inflation, climate, pandemic etc or add your own.
6. Should we include resale in GDP? Why or why not?
Understanding Business Ethics
ISBN: 9781506303239
3rd Edition
Authors: Peter A. Stanwick, Sarah D. Stanwick