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The ease of linking Apple products for digital use is part of a network effect that increases its popularity.

Network Effects and the Rise of Big Tech: Analyzing Market Dominance in the Digital Economy

Why have a handful of websites come to dominate the Internet? Network effects explain how demand for a good or service increases as more people use it; users benefit from accessing more fellow users....
5 min read
Black Thursday
Forex Trading Global economics

Black Thursday

Published on January 16, 2025

Production Possibility Curve (PPC)
Definitions Managing the economy

Production Possibility Curve (PPC)

Published on January 10, 2025

Tax Multiplier Formula
Definitions Managing the economy

Tax Multiplier Formula

Published on December 21, 2024

Image of an oil rig in the water
Definitions Global economics Factors of production

Theory of Absolute Advantage

Published on December 18, 2024

Dollar bills with sharpie markers written on them.
Definitions Managing the economy Global economics

Expansionary Monetary Policy

Published on December 17, 2024

Examples of Threats in SWOT Analysis
Definitions Business economics

Examples of Threats in SWOT Analysis

Published on December 16, 2024

Producer Surplus Equation
Definitions Competitive markets

Producer Surplus Equation

Published on December 12, 2024

Picture of a man's hand putting a piece of puzzle down.
Definitions Behavioural economics

Exploring the Paradox of Value

Published on December 08, 2024

Picture of monopoly houses on sheets of paper with graphs
Definitions Business economics

Proportional Tax

Published on December 06, 2024

Fence and sign with the word "Privat" written on it.
Definitions Business economics

Privatisation Definition

Published on December 03, 2024

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Older Posts
When shopping online, could you be charged a personalized price based on an AI analysis of your income and habits?

Price Discrimination in the Digital Age: How Companies Maximize Profits Through Personalized Pricing

Artificial intelligence (AI) software could be used to change prices charged to individual online shoppers based on their income, wealth, and consumption habits, raising ethical implications....
5 min read

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Users may be able to pay free demo versions of video games, but have to pay to access all features.
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