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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
The Circular Flow Diagram
Definitions Managing the economy

The Circular Flow Diagram

Published on March 22, 2024

Marginal Utility Formula
Definitions Behavioural economics

Marginal Utility Formula

Published on March 22, 2024

Liquidity Trap
Definitions Managing the economy Global economics

Liquidity Trap

Published on March 22, 2024

Money Illusion
Definitions Behavioural economics

Money Illusion

Published on February 28, 2024

Time Lags in Economics
Definitions Managing the economy

Time Lags in Economics

Published on February 28, 2024

Scarcity in Economics
Definitions Factors of production

Scarcity in Economics

Published on February 18, 2024

Leverage Ratios Explained
Definitions Business economics

Leverage Ratios Explained

Published on February 18, 2024

Shortages in Economics
Definitions Competitive markets

Shortages in Economics

Published on February 13, 2024

Prospect Theory
Definitions Behavioural economics

Prospect Theory

Published on February 09, 2024

What is Mercantilism?
Definitions Global economics Managing the economy

What is Mercantilism?

Published on February 08, 2024

Newer Posts
Page 11 of 39
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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