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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
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

Game theory
Definitions

Game theory

Published on January 28, 2020

Full employment
Definitions

Full employment

Published on January 28, 2020

Fiscal_policy
Definitions

Fiscal_policy

Published on January 28, 2020

Fiscal drag
Definitions

Fiscal drag

Published on January 28, 2020

Fiscal boost
Definitions

Fiscal boost

Published on January 28, 2020

Factors of production
Definitions

Factors of production

Published on January 28, 2020

External costs
Definitions

External costs

Published on January 28, 2020

Newer Posts
Page 34 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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