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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
Perfect competition
Definitions

Perfect competition

Published on January 17, 2020

Market structures
Business economics

Market structures

Published on January 17, 2020

Minimum efficient scale
Business economics

Minimum efficient scale

Published on January 17, 2020

Diseconomies of Scale
Business economics Factors of production Definitions Behavioural economics

Diseconomies of Scale

Published on January 17, 2020

Growth of firms
Business economics

Growth of firms

Published on January 17, 2020

Economies of scale
Business economics

Economies of scale

Published on January 17, 2020

Efficiency
Business economics

Efficiency

Published on January 17, 2020

Profits
Business economics

Profits

Published on January 17, 2020

The minimum and living wage
Labour markets

The minimum and living wage

Published on January 17, 2020

Zero hours contracts
Labour markets

Zero hours contracts

Published on January 17, 2020

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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

Recent Post

Could sophisticated AI software quickly determine the maximum you would pay for any item, and charge you accordingly?
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A sign signaling the pick-up location for ride share drivers, who are a major component of the gig economy.
The Gig Worker’s Dilemma: Flexibility vs. Stability
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Online gamers can spend significant sums of money through in-game purchases, raising questions about behavioral nudges and gaming.
The Free-to-Play Game Economy: Selling Pixels for Billions
August 26, 2025

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