Category: Economics

ARTIFICIAL INTELLIGENCE AND THE INTERNET OF THINGS (AIoT).

The Internet of Things has been around for a while, but what exactly is it?Basically, it’s tied in with broadening the intensity of the Web past PCs and cell phones to an entire scope of different gadgets, cycles, and situations. Anyway, what’s the benefit of interfacing AI to a gadget? Indeed, consider your cell phone […]

Cryptocurrency

You may have heard that Mark Zuckerberg, the co-founder and CEO of Facebook, Inc. was in the courtroom, battling against the Winklevoss twins, who claimed that Zuckerberg stole their idea and code for a social-networking based website, which is Facebook. Even though the twins lost the case and settled for a $65m compensation, along with […]

5G Technology

In December of 2018, South Korea became the first country to offer 5G telecom services. It is fair to say that the mobile industry has made breathtaking advances since the first mobile phone was launched back in 1973. Mobile devices have reshaped our world in ways that we never could have predicted. Most countries plan […]

In a time of crisis and shortage should essentials, such as toilet paper, be subject to price controls to prevent price gouging?

A price control is a type of government intervention in the market which involves the setting of price ceilings or price floors, thus preventing the market from reaching a market-clearing equilibrium price. A price ceiling is a limit on how high a price is charged for a product, commodity, or service, usually to protect consumers […]