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Firms will soon be using AI modeling to determine their optimal level of output and pricing.

Algorithmic Collusion Without Communication

Tomorrow, will the stores you frequent be using AI modeling to set their pricing and production figures? AI models are doing that right now, and may come to engage in "collusion" by independently concluding that higher prices and lower output leads to greater profits....
4 min read
Pros and Cons of Capitalism
Definitions Managing the economy Business economics

Pros and Cons of Capitalism

Published on July 03, 2023

Supply and Demand Curves Explained
Competitive markets Definitions Business economics

Supply and Demand Curves Explained

Published on June 16, 2023

Vertical Integration
Definitions Business economics

Vertical Integration

Published on June 13, 2023

Mixed Economy
Definitions Business economics Managing the economy

Mixed Economy

Published on May 22, 2023

Understanding the Supply Shifters
Definitions Business economics Factors of production

Understanding the Supply Shifters

Published on May 17, 2023

Non-Price Competition
Competitive markets Definitions Business economics

Non-Price Competition

Published on March 22, 2023

Inflationary Gap
Business economics Global economics Definitions Managing the economy

Inflationary Gap

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

Moving Toward a Cashless Society
Business economics

Moving Toward a Cashless Society

Published on December 12, 2022

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Cityscape featuring a mix of historic and modern architecture, including a red brick building with a tower and clock amidst tall glass structures.

Shifts in the UK economy are changing attitudes to investment risk

The United Kingdom is a nation of savers, with an exceptionally low risk appetite when it comes to investing. Could a brightening economic o...
4 min read

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