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Your airline ticket price can vary considerably based on time of purchase and amount of baggage.

Why Airline Ticket Prices Fluctuate: Understanding Dynamic Pricing Strategies

Airlines engage heavily in dynamic pricing, where the price is adjusted based on timing of purchase and other factors, ranging from peak travel times to last-minute attempts to fill empty seats. Add tiered memberships and baggage fees, and prices can vary considerably....
5 min read
Socialism Vs. Communism
Definitions Managing the economy

Socialism Vs. Communism

Published on September 19, 2022

Using Asymmetric Information To Understand How Markets Work
Labour markets Managing the economy

Using Asymmetric Information To Understand How Markets Work

Published on September 24, 2021

Command Economy
Managing the economy Definitions

Command Economy

Published on September 24, 2021

The Lorenz Curve
Definitions Managing the economy Behavioural economics Business economics

The Lorenz Curve

Published on September 24, 2021

Understanding Keynesian Theory of Excessive Saving
Managing the economy

Understanding Keynesian Theory of Excessive Saving

Published on September 24, 2021

What Is An Economic Stimulus Package?
Managing the economy Definitions

What Is An Economic Stimulus Package?

Published on August 26, 2021

What Is Keynesian Economic Theory?
Managing the economy Definitions Global economics

What Is Keynesian Economic Theory?

Published on August 26, 2021

Stagflation Simplified
Business economics Managing the economy

Stagflation Simplified

Published on August 26, 2021

Money-Saving Tips for Your Expenses
Managing the economy

Money-Saving Tips for Your Expenses

Published on August 09, 2021

What Is the Malthusian Theory of Population?
Managing the economy Behavioural economics Definitions

What Is the Malthusian Theory of Population?

Published on July 29, 2021

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A Zoom or Google Meet video meeting showing many participants on a person's laptop computer.

The Economics of Remote Work: How Labor Markets Are Adjusting to the Post-Pandemic World

Since the start of the Covid pandemic, a significant portion of white collar workers in the West have been working remotely. As companies and governments want workers to return to the office, a labor force debate has erupted over remote work....
5 min read

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Users may be able to pay free demo versions of video games, but have to pay to access all features.
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Today, many customers can use Buy Now, Pay Later (BNPL) services with zero interest due.
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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
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