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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
Command Economy
Managing the economy Definitions

Command Economy

Published on September 24, 2021

Complementary Goods Defined
Definitions Business economics

Complementary Goods Defined

Published on September 24, 2021

The Lorenz Curve
Definitions Managing the economy Behavioural economics Business economics

The Lorenz Curve

Published on September 24, 2021

Defining Capital Goods
Definitions

Defining Capital Goods

Published on September 24, 2021

What Is Deadweight Loss?
Definitions

What Is Deadweight Loss?

Published on September 24, 2021

Reserve Ratio and Money Multiplier
Definitions

Reserve Ratio and Money Multiplier

Published on September 24, 2021

What Is An Economic Stimulus Package?
Managing the economy Definitions

What Is An Economic Stimulus Package?

Published on August 26, 2021

What Is Keynesian Economic Theory?
Managing the economy Definitions Global economics

What Is Keynesian Economic Theory?

Published on August 26, 2021

What Does Ceteris Paribus Mean?
Definitions

What Does Ceteris Paribus Mean?

Published on August 26, 2021

What Is the Malthusian Theory of Population?
Managing the economy Behavioural economics Definitions

What Is the Malthusian Theory of Population?

Published on July 29, 2021

Newer Posts
Page 21 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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