With the advent of the new internet .xxx domain, colleges and universities are scrambling to purchase 'net addresses ending with .xxx. Why? Are they venturing into new marketing techniques? We all know that sex sells...
What are the opportunity costs? Any scarcity involved in this activity? And competition...whoa.
http://www.stltoday.com/news/local/education/washu-mizzou-aim-to-protect-names-from-porn-links/article_db0c808e-2665-59e8-a01f-05db778fe8cf.html
Scarcity, Opportunity Cost and Competition impact our decision-making moment to moment. This makes economics the basis of life as we know it, after God. Nothing that people value is free, someone pays the cost. To gain that thing of value, scarce resources are given up and cannot be given up again for a different thing of value. And we all are competing to capture those scarce resources.
Showing posts with label competition. Show all posts
Showing posts with label competition. Show all posts
Tuesday, November 15, 2011
Thursday, October 20, 2011
Competition, Part 2 CELL PHONES...are smart. So are other things...
Competition, the third thing that makes economics the basis of life as we know it. Even monopolies are competing, competing to keep out the competition (and it is not without its own opportunity costs for the monopoly...but what could those costs be? Hmmmmm....).
So, I present some examples of 'modern day' competition. The challenge is to determine who benefits from them...
1. http://news.idg.no/cw/art.cfm?id=20850312-1A64-6A71-CE36C3DE0EA48BED
2. http://www.nytimes.com/2011/10/19/technology/bookstores-drop-comics-after-amazon-deal-with-dc.html?_r=2&src=recg
3. http://www.businessweek.com/news/2011-10-18/motorola-mobility-revives-razr-to-challenge-apple-s-iphone.html
4. http://www.tvkim.com/watch/1437/kims-picks-samsung-google-serve-ice-cream-sandwich
So, I present some examples of 'modern day' competition. The challenge is to determine who benefits from them...
1. http://news.idg.no/cw/art.cfm?id=20850312-1A64-6A71-CE36C3DE0EA48BED
2. http://www.nytimes.com/2011/10/19/technology/bookstores-drop-comics-after-amazon-deal-with-dc.html?_r=2&src=recg
3. http://www.businessweek.com/news/2011-10-18/motorola-mobility-revives-razr-to-challenge-apple-s-iphone.html
4. http://www.tvkim.com/watch/1437/kims-picks-samsung-google-serve-ice-cream-sandwich
Saturday, January 2, 2010
Privitization
So now the big stink in the Wayland Union Schools is whether to privatize the custodial services. In other words, to put a wanted service into the hands of 'greedy, money grubbing capitalists who are just out to make a profit'. The profit motive is the best of a bad situation in this world. It forces all to acknowledge the facts of Scarcity and Competition. Very likely we would find that the custodial services will be as effectively provided at a lower cost given that several companies are vying for our business. If one firm isn't providing the quality expected, then move on to the next one. Status Quo is a morass of stagnation and union hegemony.
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