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Today, firms use massive sets of data just as they would any other factor of production.

Data as Capital: Rethinking the Factors of Production

In the past quarter-century, digital data has become a new factor of production, allowing firms to create new products, communicate with suppliers and retailers, and advertise to customers. How does data affect firms' value, and how will it affect macro-level economic growth?...
4 min read
Market structures
Business economics

Market structures

Published on January 17, 2020

Minimum efficient scale
Business economics

Minimum efficient scale

Published on January 17, 2020

Diseconomies of Scale
Business economics Factors of production Definitions Behavioural economics

Diseconomies of Scale

Published on January 17, 2020

Growth of firms
Business economics

Growth of firms

Published on January 17, 2020

Economies of scale
Business economics

Economies of scale

Published on January 17, 2020

Efficiency
Business economics

Efficiency

Published on January 17, 2020

Profits
Business economics

Profits

Published on January 17, 2020

Business motives
Business economics

Business motives

Published on January 17, 2020

Costs
Business economics

Costs

Published on January 17, 2020

Revenue
Business economics

Revenue

Published on January 17, 2020

Newer Posts
Page 26 of 28
Older Posts
If AI software scans you and decides you want the product more than average, should it be able to charge you more money?

AI Price Discrimination and the End of the “Uniform Price”

Sellers have long wished to be able to charge higher prices to customers who are willing and able to pay more. Now, with AI software, sellers may finally have the ability to quickly and accurately analyze customers' willingness to pay. Is this ethical?...
4 min read

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