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Cryptocurrency owners can engage in decentralized finance (DeFi) by lending out their crypto through automated lending pools.

Decentralized Finance (DeFi) and the Future of Banking

Rather than applying for a loan through a bank, you can automatically borrow cryptocurrency online by putting up an equal or greater amount of collateral. This is decentralized finance (DeFi), and is a growing part of the finance industry....
5 min read
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Saddique Ansari • January 17, 2020 • 2 min read

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PED Price elasticity of demand
PES Price elasticity of supply
World Trade Organisation Cross elasticity of demand
YED Income elasticity of demand
Costs Costs
Perfect competition Perfect competition
Monopolistic competition Monopolistic competition
Oligopoly Oligopoly
Primary markets Primary markets
Externalities Externalities
Natural_monopoly Natural monopoly
AD-AS AD-AS model
Circular-flow Circular flow
Customs Customs unions
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Shoppers outside of a store of a well-known luxury brand that counts as a Veblen good, meaning popularity increases as price increases.

The Economics of Social Status: Why We Pay More for Less

Veblen goods are luxury goods that violate the Law of Demand, which states that quantity demanded of a good falls as price rises. Veblen goods actually become more popular as prices increase. Why is this the case? Can the purchase of such goods be reasonable?...
5 min read

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