What Is Fedex Economy?

FedEx SmartPost: The Challenge for Retailers

Retailers are facing intense pressure. They must offer products to customers all over the world. Shipping networks have grown to support sellers and buyers around the globe.

FedEx SmartPost is 20 percent cheaper than standard FedEx ground shipping. That may not seem like much on a single parcel. A 20 percent savings can add up to hundreds of packages.

FedEx could be forced to keep Smart Post rates competitive because of the new options that competitors are rolling out. The postal service is not the solution to the last-mile inefficiency problem. Third-party delivery service is available with Shipping With Amazon.

The Power of Government and State to Drive Economic Development

Tax policies, regulation of the banking industry, and subsidizing industry to maintain price stability are some examples of federal economic development. In the United States, certaindustries organizations are given tax breaks or a reduced taxation rate in exchange for creating more jobs for citizens. Local governments are given matching federal funds to pay for upkeep of interstate roads.

In countries where industry and standards of living are not as good as those of industrialized nations, federal economic development takes the form of government funding for job training and healthcare programs. Some economists argue that economic growth drives economic development. Many economists argue against federal economic development and favor limited government intervention in the marketplace.

Government regulations help limit the goods imported from foreign nations, which in turn encourages spending within the local economy. Over-regulation by governments can limit the growth of import and export businesses and damage relations with trading nations that buy the country's exported goods. Along with the power to influence comes responsibility.

Too much interference from the government can have adverse affects on other components like trade, new business development, and consumer spending. The needs of one group of citizens can be different from those of another. Governments must temper efforts to foster economic growth with consideration for the future.

Depression and the Loss of Your Job

Economists don't have a set definition or a set measurement to show what a depression is. The impacts of a depression are deeper and last longer. The US has only faced one depression in the past century.

Some economists fear that the coronaviruses could turn into a depression if it lasts long. The unemployment rate in May 2020 was 14.7%, which is the worst level since the depths of the Great Recession. Predicting future recessions is not easy.

In a few months, the U.S. economy had been closed down and millions of workers had lost their jobs, after COVID-19 appeared seemingly out of nowhere. The U.S. economy fell into contraction in February 2020 due to coronaviruses, according to the NBER. You may lose your job during a recession.

It becomes harder to find a job when more people are out of work because you are more likely to lose your job. People who keep their jobs may have to negotiate future pay raises. Ben is the Retirement and Investing Editor.