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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
Covid-19 Effect on Microfinance and the Third-World Economies
Global economics Behavioural economics

Covid-19 Effect on Microfinance and the Third-World Economies

Published on August 01, 2020

Understanding The Economic Model of Human Behavior
Business economics Behavioural economics

Understanding The Economic Model of Human Behavior

Published on July 06, 2020

How is Behavioral Economics Different From Classical Economics?
Behavioural economics

How is Behavioral Economics Different From Classical Economics?

Published on July 06, 2020

Explaining The Stock Market Boom During A Pending Recession
Market failures Behavioural economics

Explaining The Stock Market Boom During A Pending Recession

Published on June 19, 2020

Subsidy
Definitions Behavioural economics Business economics Competitive markets Factors of production Information Failure

Subsidy

Published on January 29, 2020

Pigouvian Tax
Definitions Behavioural economics Business economics Competitive markets Global economics Information Failure

Pigouvian Tax

Published on January 29, 2020

Moral Hazard
Definitions Information Failure Behavioural economics

Moral Hazard

Published on January 28, 2020

Marginal Propensity to Consume
Definitions Behavioural economics Business economics Managing the economy

Marginal Propensity to Consume

Published on January 28, 2020

Income Effect
Definitions Behavioural economics

Income Effect

Published on January 28, 2020

Diseconomies of Scale
Business economics Factors of production Definitions Behavioural economics

Diseconomies of Scale

Published on January 17, 2020

Newer Posts
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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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