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Could sophisticated AI software quickly determine the maximum you would pay for any item, and charge you accordingly?

Surge Pricing in the Age of AI: Fairness or Exploitation?

Some people fear that one of the many changes coming with AI is rampant price discrimination, where algorithms analyze each consumer and charge him or her the maximum price that he or she would be willing to pay. What could happen to society?...
4 min read
Understanding the J Curve with Graphs
Definitions Managing the economy

Understanding the J Curve with Graphs

Published on December 01, 2023

Trilemma: A Comprehensive Guide
Definitions Managing the economy

Trilemma: A Comprehensive Guide

Published on November 22, 2023

What is the Rust Belt?
Definitions Global economics

What is the Rust Belt?

Published on November 21, 2023

How to Stop Inflation?
Definitions Managing the economy

How to Stop Inflation?

Published on November 09, 2023

Normative Economics and its Applications
Definitions Behavioural economics Managing the economy

Normative Economics and its Applications

Published on November 03, 2023

Mid Luxury Sector Grows Amidst Economic Recession
Definitions Global economics

Mid Luxury Sector Grows Amidst Economic Recession

Published on October 25, 2023

An image of notes and coins.
Definitions Managing the economy

Ample Reserves vs. Limited Reserves

Published on October 19, 2023

Liquidity Preference Theory with Graphs
Definitions Managing the economy

Liquidity Preference Theory with Graphs

Published on October 16, 2023

An image of a steel mill.
Definitions Labour markets Competitive markets

Factor Market: A Comprehensive Guide

Published on October 13, 2023

Disadvantages of Market Economy
Definitions Competitive markets Managing the economy

Disadvantages of Market Economy

Published on October 10, 2023

Newer Posts
Page 14 of 22
Older Posts
A sign signaling the pick-up location for ride share drivers, who are a major component of the gig economy.

The Gig Worker’s Dilemma: Flexibility vs. Stability

Many people find the idea of working whatever hours they choose to be appealing. Essentially, they get to be their own boss! However, unwary workers may quickly discover some disadvantages of being part of the gig economy. Why might they struggle?...
5 min read

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Polluting firms can purchase carbon offsets (also known as carbon credits) to reduce their environmental impact. Does it work?
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International Money Transfers: Reducing Transaction Costs and Enhancing Efficiency
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