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Today, many customers can use Buy Now, Pay Later (BNPL) services with zero interest due.

Buy Now, Pay Later and the New Consumer Debt Cycle

Over the past few years, consumers have flocked to Buy Now, Pay Later (BNPL) services, many offered with zero interest. This option leads to more purchases overall, but does come with some risk of overspending....
5 min read
Computer screen with app thumbnails
Business economics Behavioural economics Factors of production

Transaction Cost Economics and the Evolution of ERP Software Development

Published on March 13, 2024

Scarcity in Economics
Definitions Factors of production

Scarcity in Economics

Published on February 18, 2024

Isoquant Curves Simplified
Definitions Factors of production

Isoquant Curves Simplified

Published on September 11, 2023

Law of Diminishing Returns
Definitions Factors of production

Law of Diminishing Returns

Published on August 16, 2023

Understanding the Supply Shifters
Definitions Business economics Factors of production

Understanding the Supply Shifters

Published on May 17, 2023

Allocative Efficiency
Competitive markets Definitions Factors of production Market Failure Market failures Information Failure Behavioural economics

Allocative Efficiency

Published on March 05, 2023

Joint Supply
Behavioural economics Definitions Factors of production Business economics

Joint Supply

Published on January 24, 2023

Constant Returns to Scale
Definitions Factors of production Business economics

Constant Returns to Scale

Published on January 16, 2023

Factors of Production: Definitions, Examples and Importance
Market failures Definitions Business economics Factors of production

Factors of Production: Definitions, Examples and Importance

Published on June 07, 2021

Subsidy
Definitions Behavioural economics Business economics Competitive markets Factors of production Information Failure

Subsidy

Published on January 29, 2020

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Fast food restaurants with electronic menus have the ability to change prices rapidly, known as surge pricing.

Surge Pricing and the Ethics of Real-Time Markets

Many firms today can use electronic sales over websites and apps to engage in surge pricing, or the rapid increase in price to accompany temporary increases in demand. Is this practice ethical?...
5 min read

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