Monopolies: an erosion of free market economy
In the modern world, the economic system that has totally prevailed is free market capitalism. Over the last centuries, no other system has been proven to be more efficient, free and just. Based on the premise of free choice and free exchange of goods and services under capitalism, the output has been maximized, unprecedented wealth […]
Luxury in Times of Covid-19: How Should Brands React to Global Pandemic?
Every year brings a long list of challenges and new trends in the business world, forcing companies to adapt quickly to new situations. However this year, perhaps more than any other year before, people and businesses are staring at the future, hoping to gain insights into what would be the the “new normal”. The Covid-19 […]
Small businesses and e-commerce: A difficult undertaking
During the past months, and especially after the outbreak of the Coronavirus, the trend of online shopping has increased a lot. Because of the restriction measures and the consecutive lockdown decisions, it has been made easier and more preferable to shop online. Not only the fashion industry, but also supermarkets, toy stores, pharmacies and cosmetic […]
A sneak peek into the world of 5G Network
More and more countries are getting into the world of 5G network. This new kind of technology is here to replace its predecessor, the 4G network. According to the current data, the average speed of 5G fluctuates from 150 to 200 Mbps and it can reach the incredible number of 1Gbps. Practically, this means that […]
Is it time for an unprecedented global debt relief?
A little more than a decade after the 2008 financial crisis that shocked the global economy leading to unprecedented recession, unemployment, banking chaos and debt insecurity seemed to be back to normal. Global GDP has been rising ever since, international trade was up, the financial system regained its stability and credibility and the economies around […]
Dominant market position: when a firm holds it and how it can abuse it
When does a company hold a dominant position in the market? How can it abuse its dominant position? According to economic theory, companies with a very high market share are called dominant in their markets. The existence of a dominant position results from the contribution of many factors which, taken individually, might not be decisive. […]
Financial Derivatives: Opportunities and dangers
Derivatives are one of the most modern types of financial instruments. They first appeared in the 19th century, while they were fully structured in the international markets during the 20th century, initially in the United States. Derivatives, by definition, comprise financial securities with values reliant upon, or derived from, an underlying asset or a group […]
The impact of COVID-19 lockdowns on world’s economies and the example of Sweden
Tackling the worst pandemic that humanity has faced in a century required some extreme measures, didn’t it? Lockdowns have been one of the most common, yet extreme measures taken in order to control the spread of the coronavirus. People, and especially the elderly and those with health problems, were required to stay at home so […]
Is cloud computing safe?
First and foremost before mentioning anything about the safety of cloud computing it would be necessary to explain what this type of new technology is. Of course, in 2020 almost everyone who is engaged in technology disciplines is aware of cloud computing but I will explain it in case you are not. To begin with, […]
The future of Artificial Intelligence
As we all know nowadays the technologies which are based on AI are being proliferated in a very fast way and they have become an integral part of today’s technology. To be more specific, we can find artificial intelligence in almost any discipline. Let’s examine what AI has still to offer in the foreseeable future. […]