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Thanks to APIs, many programmers can create add-ons and extensions to existing software.

API Economies and the Modularization of Production

Thirty years ago, you had to buy entirely new software when your current program became obsolete. Today, you can download an extension, patch, or upgrade. Thanks to APIs, application programming interfaces, these "modular" additions to software can come from virtually anywhere....
4 min read
S&P 500 E-mini futures chart displaying price trends from August 2024 to June 2025, showing upward movement and buy/sell markers.

Microsoft Cuts Xbox Operations in Central Europe Amid Fourth Wave of Layoffs

Published on July 20, 2024

A selection of SIM cards rests atop a colorful map of Asia and Africa, illustrating global connectivity and mobile communication.

Market Integration and the Future of Cross-Border Telecom in Europe

Published on July 20, 2024

The Economic Impact of Private Health Insurance on Indian Households

The Economic Impact of Private Health Insurance on Indian Households

Published on July 19, 2024

A person browsing a website on a laptop with the screen displaying content and a small VELO container placed nearby.

Global Trends in App Development and Their Economic Effects

Published on July 18, 2024

A phone screen displaying different social media applications.

Online Advertising Becomes the Primary Global Economic Driver

Published on July 18, 2024

Global Economy Drivers Are Now Largely Automated

Global Economy Drivers Are Now Largely Automated

Published on July 02, 2024

Gold mining machinery at night in a desert setting with base camp light bright in the background.
Competitive markets Business economics Definitions

Path Dependence and Lock-In: How SAP Shapes the Economics of Gold and Precious Metals Firms

Published on July 02, 2024

Irrational Exuberance Meaning
Definitions Behavioural economics

Irrational Exuberance Meaning

Published on June 30, 2024

Top down view of a man working on a macbook.
Behavioural economics Competitive markets Business economics

Spatial Economics and Hyper-Local SEO: Proximity as a Market Differentiator

Published on June 28, 2024

Beautiful office building with cement embankments curbing a river.
Business economics Behavioural economics Competitive markets Definitions Information Failure Managing the economy

Excess Capacity and Market Fragmentation: Why So Many Trading Platforms Exist

Published on June 28, 2024

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Although increasingly popular, AI still makes serious mistakes...which could cost companies big bucks in damages.

The Economics of AI Hallucinations and Error Costs

To save money on labor, many companies want to use AI to automate basic office functions, from customer service to research. However, AI is prone to making mistakes that are confidently presented as accurate facts. What are the economic implications of unchecked AI use by companies?...
5 min read

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