BUSINESS & ECONOMY

  • Global GDP: The global Gross Domestic Product (GDP) was approximately $94 trillion in 2021, showcasing the vast scale of the world economy.
  • Startups: In 2021, around 5.4 million new businesses were started in the U.S., highlighting the entrepreneurial spirit and innovation in the economy.
  • E-Commerce Growth: E-commerce sales surpassed $4.9 trillion worldwide in 2021 and are projected to grow to over $7 trillion by 2025, driven by increasing online shopping trends.
  • Gig Economy: The gig economy is expanding rapidly, with about 36% of U.S. workers participating in some form of freelance or contract work as of 2020.
  • Stock Market: The New York Stock Exchange (NYSE) is the largest stock exchange in the world by market capitalization, hosting thousands of publicly traded companies.
  • Inflation: Inflation rates can significantly impact economies; for example, the U.S. experienced its highest inflation rates in over 40 years in 2021-2022, affecting consumer prices and spending.
  • Sustainable Business: Companies increasingly prioritize sustainability, with 88% of consumers wanting brands to help them be more environmentally friendly.
  • Cryptocurrency: The cryptocurrency market reached a market cap of over $3 trillion in late 2021, reflecting growing interest and investment in digital currencies.

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