Term of Day
Uh oh! You're not
Term of Day
+ Create New Flashcard
A term applied by economists to describe the cascade of
resulting from the
of a major cost-cutting
in a local
. Derived from the effect that a
has on the
of a town by lowering prices, increasing
, and eventually driving uncompetitive retailers out of the area.
elasticity of d...
You Also Might Like...
Impact of Globalization on Small Businesses
The following is a classic story, often used by socialists to highlight the "evils of a capitalist society" - the small town grocer gets mercilessly taken out by the new Wal-Mart in town. The small town grocer may have an established customer base ...
Top Sources for Black Friday Deals
The race is on! With retailers both large and small bracing for what's predicted to be a somewhat lackluster holiday shopping season in terms of sales, many are offering unprecedented deals on a wide range of goods and services to grab those crucial ...
Term Life Insurance vs. Whole Life Insurance
When choosing a life insurance policy two of the main types of plans available are term life insurance and whole life insurance. There are major differences between the two types of policies and this article will assist you with making the choice ...
9 Options for Small Town Entrepreneurs
Living in a town with a small population presents a unique challenge to entrepreneurs. A narrow local market means the margin for error is greater than in centers of higher population. But a small town presents a great opportunity to form strong ...
Copy & paste this HTML in your website to link to this page
Browse Dictionary by Letter: