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 economics. Show all posts
Showing posts with label economics. Show all posts
Tuesday, November 15, 2011
Friday, February 19, 2010
Recession Over? Or are we still...
This is one for the ages. Literally! Here is an economic report that provides a good background and interesting perspective on the challenges involved in making the call. IS it or is it NOT? http://www.investorsinsight.com/blogs/john_mauldins_outside_the_box/archive/2010/02/15/is-the-recession-over.aspx
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