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Could sophisticated AI software quickly determine the maximum you would pay for any item, and charge you accordingly?

Surge Pricing in the Age of AI: Fairness or Exploitation?

Some people fear that one of the many changes coming with AI is rampant price discrimination, where algorithms analyze each consumer and charge him or her the maximum price that he or she would be willing to pay. What could happen to society?...
4 min read
What is Monetarism?
Definitions Managing the economy

What is Monetarism?

Published on June 09, 2024

Kinked Demand Curve
Definitions Competitive markets

Kinked Demand Curve

Published on June 06, 2024

Inferior Commodity
Definitions Business economics

Inferior Commodity

Published on June 05, 2024

Equilibrium Quantity
Definitions Competitive markets

Equilibrium Quantity

Published on June 04, 2024

Considerations in Changing Succession Laws Globally

Considerations in Changing Succession Laws Globally

Published on May 30, 2024

Contagion Meaning in Economics
Definitions Global economics

Contagion Meaning in Economics

Published on May 29, 2024

Deindustrialisation
Definitions Global economics

Deindustrialisation

Published on May 29, 2024

Hedging Definition
Definitions Forex Trading

Hedging Definition

Published on May 27, 2024

Predatory Pricing
Definitions Competitive markets

Predatory Pricing

Published on May 23, 2024

Marginal Propensity to Save (MPS)
Definitions Managing the economy

Marginal Propensity to Save (MPS)

Published on May 17, 2024

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A sign signaling the pick-up location for ride share drivers, who are a major component of the gig economy.

The Gig Worker’s Dilemma: Flexibility vs. Stability

Many people find the idea of working whatever hours they choose to be appealing. Essentially, they get to be their own boss! However, unwary workers may quickly discover some disadvantages of being part of the gig economy. Why might they struggle?...
5 min read

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Polluting firms can purchase carbon offsets (also known as carbon credits) to reduce their environmental impact. Does it work?
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International Money Transfers: Reducing Transaction Costs and Enhancing Efficiency
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