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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
Long Run Aggregate Supply
Definitions Business economics Factors of production Global economics

Long Run Aggregate Supply

Published on January 28, 2020

Liquidity
Definitions

Liquidity

Published on January 28, 2020

Liquidity Trap
Definitions

Liquidity Trap

Published on January 28, 2020

Investment
Definitions

Investment

Published on January 28, 2020

Interest rates
Definitions

Interest rates

Published on January 28, 2020

Injections into the circular flow
Definitions

Injections into the circular flow

Published on January 28, 2020

Inflation
Definitions

Inflation

Published on January 28, 2020

Inferior good
Definitions

Inferior good

Published on January 28, 2020

Indirect taxes
Definitions

Indirect taxes

Published on January 28, 2020

Income Effect
Definitions Behavioural economics

Income Effect

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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