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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
Price floor
Definitions

Price floor

Published on January 29, 2020

Price ceiling
Definitions

Price ceiling

Published on January 29, 2020

Price
Definitions

Price

Published on January 29, 2020

Production possibility frontiers (PPFs)
Definitions

Production possibility frontiers (PPFs)

Published on January 29, 2020

Positive statement
Definitions

Positive statement

Published on January 29, 2020

Policy objective
Definitions

Policy objective

Published on January 29, 2020

Policy instruments
Definitions

Policy instruments

Published on January 29, 2020

Policy conflict
Definitions

Policy conflict

Published on January 29, 2020

Pigouvian Tax
Definitions Behavioural economics Business economics Competitive markets Global economics Information Failure

Pigouvian Tax

Published on January 29, 2020

Phillips Curve
Definitions

Phillips Curve

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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