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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 plant growing in a small glass cup filled with coins.
Definitions Managing the economy

Automatic Stabilisers

Published on August 30, 2024

A photo of piggy bank with a white background.
Definitions Business economics

Break-Even Analysis and Equation

Published on August 28, 2024

Image of a person counting dollar bills.
Definitions Labour markets

Sticky Wages

Published on August 28, 2024

A calculator, a key, and miniature house models, including a highlighted red one, arranged on a dark surface.
Definitions Managing the economy

Core CPI vs CPI

Published on August 21, 2024

A hand holding euro banknotes in front of a calculator, other currency notes, and financial charts.
Definitions Business economics

ATC Curve

Published on August 13, 2024

People shopping on an outdoor market with white tents lining a street, offering clothes and good.

Paradox of Thrift

Published on August 10, 2024

A photo of a cobweb.
Definitions Competitive markets

Cobweb Theory in Economics

Published on August 04, 2024

A black-and-white photo of two people in the meeting room discussing.
Definitions Business economics

Actuarial Science vs. Economics

Published on August 04, 2024

A black-and-white chess scene with a king and queen standing upright amidst scattered chess pieces.
Definitions Global economics

Economic Defeatism

Published on August 04, 2024

Three copper coins, including British pennies, placed on a white wooden surface.
Definitions Factors of production

Economic Rent Definition

Published on August 03, 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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