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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
Case Study in First Mover Advantage: Domain Ownership

Case Study in First Mover Advantage: Domain Ownership

Published on May 27, 2023

Opting Between Personal Identity and Business Branding in Freelancing

Opting Between Personal Identity and Business Branding in Freelancing

Published on May 24, 2023

Dynamic vs. Static IP Addresses: Which is More Secure for Enterprises?

Dynamic vs. Static IP Addresses: Which is More Secure for Enterprises?

Published on May 23, 2023

Mixed Economy
Definitions Business economics Managing the economy

Mixed Economy

Published on May 22, 2023

Marginal Rate of Substitution (MRS)
Definitions Behavioural economics

Marginal Rate of Substitution (MRS)

Published on May 21, 2023

Efficiency Wage Theory
Definitions Labour markets

Efficiency Wage Theory

Published on May 18, 2023

Understanding the Supply Shifters
Definitions Business economics Factors of production

Understanding the Supply Shifters

Published on May 17, 2023

Popular Investment Strategies: What Savvy Investors Should Know

Popular Investment Strategies: What Savvy Investors Should Know

Published on May 17, 2023

Financial services market research: Why has it become imperative?

Financial services market research: Why has it become imperative?

Published on May 15, 2023

Loanable Funds Theory with Graphs
Definitions Managing the economy Competitive markets

Loanable Funds Theory with Graphs

Published on May 15, 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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