dynamic pricing allows a website to use the personal information collected on a customer, such as income or location, to individualize the price of a product for each customer. economists consider this type of pricing an example of:

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Dynamic pricing enables a website to tailor the cost of a product to each consumer based on personal information about them that has been gathered, such as geography or income. This form of pricing is an illustration of price discrimination, according to economists.

What is website?

A website, often known as a web site, is a collection of Web pages and related information that is published on at least one Web server and is given a shared domain name.

The World Wide Web is the collection of all publicly accessible websites. There are also private websites that can only be viewed through a private network, such as an organization's internal website for its staff.

Websites often focus on a single subject or objective, such as news, education, business, entertainment, or social networking. The navigation of the website, which typically begins with a home page, is aided by hyperlinks between Web pages.

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