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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
People shopping on an outdoor market with white tents lining a street, offering clothes and good.

Paradox of Thrift

Published on August 10, 2024

A photo of a cobweb.
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

A black-and-white chess scene with a king and queen standing upright amidst scattered chess pieces.
Definitions Global economics

Economic Defeatism

Published on August 04, 2024

A hand reaching toward two black cards placed on a wooden surface, one labeled "BUY" and the other labeled "SELL".
Forex Trading Business economics

Trading Platforms Offering More Bespoke Services As Competition Increases

Published on August 03, 2024

A person working on a laptop with the screen displaying an e-commerce platform layout.
Business economics

Small Business Share of Global Economy Grows As Ecommerce Barriers Decrease

Published on August 03, 2024

Three copper coins, including British pennies, placed on a white wooden surface.
Definitions Factors of production

Economic Rent Definition

Published on August 03, 2024

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Competitive markets

Global Brands Increasing Their Respective Market Share on Demand Due to Paid Traffic Campaigns

Published on August 02, 2024

A close-up shot of a one hundred-dollar bill.
Definitions Business economics

Average Variable Costs in Economics

Published on August 02, 2024

A leather wallet with U.S. dollar bills secured by a metal money clip, placed on a dark surface.
Definitions Business economics

Historical Cost Principle

Published on August 02, 2024

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