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This is a franchise. This is a chain. What's the difference? A franchise is owned by independent business owners, while a chain is owned by a single company. This is a monopoly. This is an oligopoly. What's the difference? A monopoly has one dominant seller, while an oligopoly has only a few major competitors. This is retail. This is wholesale. What's the difference? Retail sells products directly to customers, while wholesale sells products in bulk to businesses. This is a marketplace. This is an online store. What's the difference? A marketplace lets many sellers offer products, while an online store sells products from one business. If you learned something, please like the video.

This is a franchise. This is a chain. What's the difference? A franchise is owned by independent business owners, while a chain is owned by a single company. T…