Want to quickly understand the basics of running a business? Then studying your neighborhood lemonade stand is a great place to start. From supply and demand, to pricing, marketing and the costs of labor and supplies, lemonade stands provide a fundamental, albeit simple, way of understanding how hard it is to make a buck, and how much harder it is when the government takes its cut.
By Janelle Towne, Opinion ContributorThe videos arrive with alarming regularity now: hundreds of teenagers pouring into downtown Chicago, traffic frozen, police scrambling, businesses locking their doors, and residents...
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