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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
Loanable Funds Theory with Graphs
Definitions Managing the economy Competitive markets

Loanable Funds Theory with Graphs

Published on May 15, 2023

The Money Market Graph and Interest Rate Determination
Definitions Competitive markets

The Money Market Graph and Interest Rate Determination

Published on April 29, 2023

Non-Price Competition
Competitive markets Definitions Business economics

Non-Price Competition

Published on March 22, 2023

An image showing a light bulb.
Competitive markets Definitions Factors of production Market Failure Market failures Information Failure Behavioural economics

Allocative Efficiency

Published on March 05, 2023

Image showing seasaw which is not in balance.
Definitions Behavioural economics Information Failure Market Failure Competitive markets

Asymmetric Information

Published on December 26, 2022

Microsoft and Google are at war on AI. Who will Prevail?
Business economics Competitive markets

Microsoft and Google are at war on AI. Who will Prevail?

Published on October 21, 2022

5 Top Challenges Facing the Finance Industry in 2023
Business economics Competitive markets

5 Top Challenges Facing the Finance Industry in 2023

Published on February 28, 2022

Aggregate Economic Output Levels in U.S
Competitive markets Global economics

Aggregate Economic Output Levels in U.S

Published on September 24, 2021

What Is Laissez-Faire Economic Theory?
Competitive markets Business economics Definitions Managing the economy

What Is Laissez-Faire Economic Theory?

Published on June 30, 2021

Human Capital: What It Is and How It Impacts the Economy
Competitive markets Definitions Labour markets Managing the economy

Human Capital: What It Is and How It Impacts the Economy

Published on June 14, 2021

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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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