Answer: The sneaker resale industry is a classic example of capitalism at work. Capitalism is an economic system based on the principles of a free market, where goods and services are exchanged for profit, and prices are determined by supply and demand.
In the sneaker resale industry, buyers and sellers operate in a competitive market, where they can freely exchange sneakers for a profit. The value of a sneaker is determined by supply and demand. If the demand for a particular sneaker is
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