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Application Programming Interfaces (APIs) allow software on different devices and systems to talk to each other.

The Economics of API Ecosystems and Modular Innovation

Today, Application Programming Interfaces (APIs) and modular software development allow for widespread and rapid improvement of programs and apps. How has the macro economy changed by this recent shift toward interoperability and add-on upgrades in software?...
4 min read
Quiz-demand
Quiz

Quiz-demand

Published on January 29, 2020

Quiz - producer surplus
Quiz

Quiz - producer surplus

Published on January 29, 2020

Quiz-production-possibility-frontiers
Quiz

Quiz-production-possibility-frontiers

Published on January 29, 2020

Quiz - consumer surplus
Quiz

Quiz - consumer surplus

Published on January 29, 2020

Income elasticity of demand (YED)
Definitions

Income elasticity of demand (YED)

Published on January 29, 2020

What is Cross Elasticity of Demand?
Definitions

What is Cross Elasticity of Demand?

Published on January 29, 2020

Withdrawals
Definitions

Withdrawals

Published on January 29, 2020

Wealth effect
Definitions

Wealth effect

Published on January 29, 2020

Definition of wage elasticity
Definitions

Definition of wage elasticity

Published on January 29, 2020

Definitions

Tobin_tax

Published on January 29, 2020

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Content creators may seem independent and carefree, but almost all of them must heed the whims of large conglomerates.

Creator Economies and Monopsony Power

Many people aspire to be influencers and content creators for the shot at freedom and creativity while earning an income. But the market for content creators is far closer to a monopsony than many people realize. If you want to earn an income, only a handful of social media giants can offer it....
4 min read

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