Even the Internet itself is limited and scarce. Bandwidth is finite. Broadband video streaming is increasing exponentially. So...do we get all Malthusian here and demand government intervention, or should we let the marketplace figure it out?
http://www.washingtonpost.com/blogs/post-tech/post/netflix-biggest-driver-of-us-internet-traffic-puts-spotlight-on-broadband-pricing/2011/05/16/AFg3yg5G_blog.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 finite broadband internet opportunity cost. Show all posts
Showing posts with label finite broadband internet opportunity cost. Show all posts
Wednesday, May 18, 2011
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