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Online gamers can spend significant sums of money through in-game purchases, raising questions about behavioral nudges and gaming.

The Free-to-Play Game Economy: Selling Pixels for Billions

Today's gamers can make purchases within video games themselves, buying lives, equipment, appearance packages, etc. How much economic impact does this online market have, and should we be concerned about the potential for online gaming addiction?...
5 min read
A person holding two paper bags and a camera while walking.
Definitions Business economics

Types of Goods in Economics

Published on October 03, 2024

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Definitions Managing the economy

Pros and Cons of Universal Basic Income (UBI)

Published on October 03, 2024

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Definitions Business economics

Product Life Cycle (PLC)

Published on October 01, 2024

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Definitions Managing the economy

Central Planning

Published on October 01, 2024

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Definitions Managing the economy

Dependency Ratio Definition

Published on October 01, 2024

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Global economics Managing the economy

Did Food Prices Increase during the Great Depression?

Published on September 27, 2024

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Managing the economy Global economics

Does the US President Control Inflation?

Published on September 27, 2024

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Definitions Business economics

Primary Sector Economics

Published on September 19, 2024

A man working on a task in front of a small, cluttered shop filled with tools, materials, and everyday items.
Definitions Labour markets

Backward Bending Supply Curve

Published on September 04, 2024

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Definitions Managing the economy

Capital Accumulation

Published on August 31, 2024

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Thousands of content creators post daily on YouTube, TikTok, and other social media sites in hopes of "going viral."

The Economics of “Going Viral”: Attention as a Scarce Resource

They say that everyone wants to be famous. Today, virtually anyone can, thanks to social media. However, there are high costs of trying to master the algorithms to create the most desirable content. What are the economic costs and benefits of trying to "go viral" online?...
4 min read

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