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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
Money Illusion
Definitions Behavioural economics

Money Illusion

Published on February 28, 2024

Time Lags in Economics
Definitions Managing the economy

Time Lags in Economics

Published on February 28, 2024

Understanding Digital Marketing Strategy for Small Businesses to Avoid Failure

Understanding Digital Marketing Strategy for Small Businesses to Avoid Failure

Published on February 28, 2024

The Economic Impact of Streamlined Supplier Collaboration in Global Electronics Markets

The Economic Impact of Streamlined Supplier Collaboration in Global Electronics Markets

Published on February 28, 2024

Employee in a headset sitting at a call center desk.
Business economics

Comparative Advantage and Offshore Development Services: How Global Talent Drives Efficiency

Published on February 28, 2024

The Economic Principle of Differentiation and the Enduring Demand for Custom Software Development in the AI Era

The Economic Principle of Differentiation and the Enduring Demand for Custom Software Development in the AI Era

Published on February 26, 2024

Taiwan’s Economic Outlook: Geopolitical Tensions and Trade Wars

Taiwan’s Economic Outlook: Geopolitical Tensions and Trade Wars

Published on February 23, 2024

The Impact of Social Media on Consumer Spending and Market Trends

Published on February 22, 2024

Picture of Dubai cityscape.
Managing the economy Global economics

Dubai’s Real Estate Rental Market: Economic Factors and Expats’ Guide to Leasing

Published on February 21, 2024

Scarcity in Economics
Definitions Factors of production

Scarcity in Economics

Published on February 18, 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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