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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
Exchange rates
Definitions

Exchange rates

Published on January 28, 2020

Equilibrium
Definitions

Equilibrium

Published on January 28, 2020

Economic welfare
Definitions

Economic welfare

Published on January 28, 2020

Economic_development
Definitions

Economic_development

Published on January 28, 2020

Division of Labour
Definitions Factors of production

Division of Labour

Published on January 28, 2020

Direct taxes
Definitions

Direct taxes

Published on January 28, 2020

Demerit good
Definitions

Demerit good

Published on January 28, 2020

Demand
Definitions

Demand

Published on January 28, 2020

Deflation
Definitions

Deflation

Published on January 28, 2020

Clycical unemployment
Definitions

Clycical unemployment

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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