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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
A person holding two paper bags and a camera while walking.
Definitions Business economics

Types of Goods in Economics

Published on October 03, 2024

A wallet with dollar bills and coins on a marbled tile.
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

A fuel price display at a gas station showing the prices with a bright blue sky in the background.
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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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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Smartphone apps allow workers in the gig economy to quickly take on individual tasks for cash payment.
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Can companies use powerful data analysis tools to figure out how much each of us is willing to pay?
Why Data Is the New Oil: Market Power in the Age of Information Capitalism
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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
April 27, 2025

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