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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
Monetary policy
Definitions

Monetary policy

Published on January 28, 2020

Definition of Minimum Price
Definitions

Definition of Minimum Price

Published on January 28, 2020

Merit good
Definitions

Merit good

Published on January 28, 2020

Maximum price
Definitions

Maximum price

Published on January 28, 2020

Maximax and maximin
Definitions

Maximax and maximin

Published on January 28, 2020

Market failure
Definitions

Market failure

Published on January 28, 2020

Market
Definitions

Market

Published on January 28, 2020

Marginal revenue
Definitions

Marginal revenue

Published on January 28, 2020

Marginal cost
Definitions

Marginal cost

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

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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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