In the early 2000s, housing prices in the U.S. rose quickly, and many people paid high prices to buy houses. In 2008, the housing market collapsed and prices fell fast. Many of the folks who had bought homes couldn’t make their monthly mortgage payments and couldn’t sell the houses for anywhere near what they paid […]
TopicEntrepreneurship
How an Entrepreneur Created the Big Box Store
Some basic economic norms shape how most retail stores operate. These include: attract as many potential shoppers as possible; make it easy for them to find what they need; and make it appealing for them to return often so that they will spend money at the store. But some members-only warehouse stores break all those […]