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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 close-up shot of a one hundred-dollar bill.
Definitions Business economics

Average Variable Costs in Economics

Published on August 02, 2024

A leather wallet with U.S. dollar bills secured by a metal money clip, placed on a dark surface.
Definitions Business economics

Historical Cost Principle

Published on August 02, 2024

An image of a herd of sheep.
Behavioural economics Definitions

Herding Psychology and Economics

Published on July 31, 2024

An image of a house with tall trees in the background.
Definitions Managing the economy

Homeowning Grows the Economy

Published on July 25, 2024

A close-up of hands opening a wallet with visible cards inside against a blurred background.
Definitions Behavioural economics

Loss Aversion Definition

Published on July 24, 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

Irrational Exuberance Meaning
Definitions Behavioural economics

Irrational Exuberance Meaning

Published on June 30, 2024

Variable Cost Definition
Definitions Business economics

Variable Cost Definition

Published on June 23, 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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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
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