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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
Incidence of tax
Definitions

Incidence of tax

Published on January 28, 2020

Inactivity rate
Definitions

Inactivity rate

Published on January 28, 2020

Import quota
Definitions

Import quota

Published on January 28, 2020

Imports
Definitions

Imports

Published on January 28, 2020

Human development index
Definitions

Human development index

Published on January 28, 2020

The herfindahl-hirschman index
Definitions

The herfindahl-hirschman index

Published on January 28, 2020

Economic growth
Definitions

Economic growth

Published on January 28, 2020

Government failure
Definitions

Government failure

Published on January 28, 2020

The Gini co-efficient
Definitions

The Gini co-efficient

Published on January 28, 2020

Giffen Goods
Definitions Business economics Global economics

Giffen Goods

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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