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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
Discretionary Fiscal Policy
Definitions Managing the economy

Discretionary Fiscal Policy

Published on October 08, 2023

Labour Arbitrage
Definitions Labour markets Global economics

Labour Arbitrage

Published on September 27, 2023

Utility Maximisation: A Guide to Rational Decision-Making
Definitions Behavioural economics

Utility Maximisation: A Guide to Rational Decision-Making

Published on September 27, 2023

Crowding Out
Definitions Managing the economy

Crowding Out

Published on September 14, 2023

Pareto Efficiency
Definitions Competitive markets Market Failure

Pareto Efficiency

Published on September 14, 2023

Barriers to Entry
Definitions Competitive markets

Barriers to Entry

Published on September 12, 2023

Isoquant Curves Simplified
Definitions Factors of production

Isoquant Curves Simplified

Published on September 11, 2023

Agglomeration Economies
Definitions Business economics Global economics

Agglomeration Economies

Published on September 11, 2023

Monopolistic Competition
Definitions Competitive markets

Monopolistic Competition

Published on August 19, 2023

Law of Diminishing Returns
Definitions Factors of production

Law of Diminishing Returns

Published on August 16, 2023

Newer Posts
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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.
From Freemium to Premium: The Economics of Free Products
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