Self-tutoring about business and economics: the tutor mentions Italy. Italy seems to have run a trade deficit in 2022, but a surplus from 2012 until then. In 2020, Italy’s biggest export was packaged medicaments. To my understanding, that means medicines …
Self-tutoring about economics and business: the tutor continues about today’s value of the USD. In yesterday’s post I mention how the US dollar’s value compares to gold now vs in 1970. In my January 11, 2023 post I mention the …
Economics, business: the US dollar in 1970 vs today, part 2 Read more »
Self-tutoring about economics and business since 1970: the tutor looks at the changing value of the US dollar. In 1970, maybe not everyone could buy gold for US $35 per ounce, but central banks could. Today, gold is worth US …
Economics, business, history: the USD in 1970 vs today Read more »
Self-tutoring about US government structure and financing: the tutor mentions an interesting twist about the social security fund. The US government can sell Treasury securities to the Social Security fund. To my mind, this suggests it can fund virtually any …
Self-tutoring about business: the tutor mentions drop shipping. As I understand it, drop shipping is a business model in which the seller doesn’t hold the product in stock; rather, the seller gets the customer order, then passes that order on, …
Self-tutoring about business: the tutor mentions the terms re-import and re-export. To re-import is to import a product made from one you exported; to re-export is to export a product based from one you imported. Source: howtoexportimport.com howtoexportimport.com
Self-tutoring about business definitions: the tutor entertains structured and unstructured problems. Structured problems are ones where you know what the solution will look like; if your situation doesn’t look like that, it needs to be solved. Structured problems are often …
Business, philosophy: structured vs unstructured problem Read more »
Self-tutoring about business: the tutor mentions the idea of fabless. The fabless business model means that the company carries on its research and development, as well as marketing, in-house, but contracts out its manufacturing. Source: investopedia.com
Self-tutoring about the world’s top exporters: the tutor mentions the top three. The world’s top exporters seem to be China, then the US, then Germany. More or less, the US exports around 80% as much as China does, then Germany …
Self-tutoring about business terms: the tutor mentions vertical integration. Vertical integration is a type of business organization in which numerous different activities are carried out by the same company because they are related. The company may consume most of the …