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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
A hand holding euro banknotes in front of a calculator, other currency notes, and financial charts.
Definitions Business economics

ATC Curve

Published on August 13, 2024

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Definitions Competitive markets

Cobweb Theory in Economics

Published on August 04, 2024

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Definitions Business economics

Actuarial Science vs. Economics

Published on August 04, 2024

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Definitions Global economics

Economic Defeatism

Published on August 04, 2024

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Definitions Factors of production

Economic Rent Definition

Published on August 03, 2024

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Definitions Business economics

Average Variable Costs in Economics

Published on August 02, 2024

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Definitions Business economics

Historical Cost Principle

Published on August 02, 2024

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Behavioural economics Definitions

Herding Psychology and Economics

Published on July 31, 2024

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Definitions Managing the economy

Homeowning Grows the Economy

Published on July 25, 2024

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Definitions Behavioural economics

Loss Aversion Definition

Published on July 24, 2024

Newer Posts
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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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