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Learn about the concept of arbitrage and how businesses can leverage it for profits. Understand the difference between economic and accounting profits. Explore opportunities for entrepreneurs in growing markets. Discover how big businesses use arbitrage to sell products at higher prices.
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Quick takeaways
- Arbitrage is the practice of taking advantage of inefficiencies in a marketplace, buying low in one market and selling high in another.
- Successful businesses leverage arbitrage opportunities where they can charge higher prices without relation to their production costs.
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Understanding arbitrage in business
Arbitrage is the practice of taking advantage of inefficiencies in a marketplace, buying low in one market and selling high in another. This concept applies to all businesses, whether it's buying and selling labor, products, or services. Businesses thrive when they can identify and exploit arbitrage opportunities where they can make more money by buying at a lower cost and selling at a higher price. The size of the arbitrage opportunity directly impacts the profitability of a business.
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Listen to the best highlights from the podcasts you love and dive into the full episode