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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
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Definitions Business economics

Product Life Cycle (PLC)

Published on October 01, 2024

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Definitions Managing the economy

Central Planning

Published on October 01, 2024

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Definitions Managing the economy

Dependency Ratio Definition

Published on October 01, 2024

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Definitions Business economics

Primary Sector Economics

Published on September 19, 2024

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Definitions Labour markets

Backward Bending Supply Curve

Published on September 04, 2024

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Definitions Managing the economy

Capital Accumulation

Published on August 31, 2024

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Definitions Managing the economy

Automatic Stabilisers

Published on August 30, 2024

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Definitions Business economics

Break-Even Analysis and Equation

Published on August 28, 2024

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Definitions Labour markets

Sticky Wages

Published on August 28, 2024

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Definitions Managing the economy

Core CPI vs CPI

Published on August 21, 2024

Newer Posts
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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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