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Economics / Business discoveries
Open 8 carefully selected topics from Economics / Business, one calm doorway at a time.
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Network effectIn economics, a network effect (also called network externality or demand-side economies of scale) is the phenomenon by which the value or utility a user derives from a good or service depends on the number of users of compatible products.3 min / Deep
Economics / Business: AuctionAn auction is usually a process of buying and selling goods or services by offering them up for bids, taking bids, and then selling the item to the highest bidder or buying the item from the lowest bidder.3 min / Deep
Economic bubbleAn economic bubble (also called a speculative bubble, asset bubble, or simply financial bubble) is a period when current asset prices greatly exceed their intrinsic valuation, being the valuation that the underlying long-term fundamentals justify.3 min / Deep
Game theoryGame theory is the study of mathematical models of strategic interactions.3 min / Deep
Discover: History of moneyThe history of money is the development over time of systems for the exchange of goods and services.3 min / Deep
South Sea CompanyThe South Sea Company was a British joint-stock company founded in January 1711, created as a public-private partnership to consolidate and reduce the cost of the national debt.3 min / Deep
Stock exchangeA stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments.3 min / Deep
Venture capitalVenture capital (VC) is a form of private equity financing provided by firms or funds to startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in terms of number of employees, annual revenue, scale of operations, etc.3 min / Deep