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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
Pros and Cons of Capitalism
Definitions Managing the economy Business economics

Pros and Cons of Capitalism

Published on July 03, 2023

GDP Deflator - Formula, Calculation and Importance
Definitions Managing the economy

GDP Deflator - Formula, Calculation and Importance

Published on June 30, 2023

Dmitry Doev: Biography, Accomplishments, VIS Group General Director (Doev Dmitry Vitalievich)
Profiles

Dmitry Doev: Biography, Accomplishments, VIS Group General Director (Doev Dmitry Vitalievich)

Published on June 30, 2023

Global Cyber Security Sector Grows Aggressively With the Advent of AI

Global Cyber Security Sector Grows Aggressively With the Advent of AI

Published on June 30, 2023

How Fundamental Analysis Technology is Paving the Way for Inclusivity in Forex Trading

How Fundamental Analysis Technology is Paving the Way for Inclusivity in Forex Trading

Published on June 27, 2023

Bounded Rationality
Definitions Behavioural economics

Bounded Rationality

Published on June 25, 2023

How Can a SaaS Model Be Useful for Your Business?

How Can a SaaS Model Be Useful for Your Business?

Published on June 19, 2023

The Kuznets Curve
Definitions Managing the economy

The Kuznets Curve

Published on June 19, 2023

Supply and Demand Curves Explained
Competitive markets Definitions Business economics

Supply and Demand Curves Explained

Published on June 16, 2023

Games to Learn Economics

Games to Learn Economics

Published on June 16, 2023

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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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