ReadGlobe · Economics & markets
How prices, competition and incentives shape what gets built, bought and destroyed.
Supply and demand is the model that prices and quantities are set by the interaction of how much sellers offer and how…
Mental model · updated 29 May 2026
Comparative advantage is the principle that you should specialise in what you give up the least to produce, then trade…
Mental model · updated 29 May 2026
Economies of scale are the cost advantages a business gains as it grows: producing more spreads fixed costs over more…
Mental model · updated 29 May 2026
A network effect is when a product or service becomes more valuable as more people use it. Each new user adds value…
Mental model · updated 29 May 2026
Switching costs are the time, money, effort, and risk a customer must spend to move from one product to a competitor.…
Mental model · updated 29 May 2026
Written by Paulo de Vries · free to read, no sign-up