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Thousands of content creators post daily on YouTube, TikTok, and other social media sites in hopes of "going viral."

The Economics of “Going Viral”: Attention as a Scarce Resource

They say that everyone wants to be famous. Today, virtually anyone can, thanks to social media. However, there are high costs of trying to master the algorithms to create the most desirable content. What are the economic costs and benefits of trying to "go viral" online?...
4 min read
Movements and shifts in demand and supply curves
Definitions

Movements and shifts in demand and supply curves

Saddique Ansari • January 28, 2020 • 1 min read

Author bio

Movements and shifts

When the price of a product changes it will result in a movement along either a demand or supply curve.

When a non-price determinant of demand or supply changes (assuming price is constant) it will cause a shift in the position of the demand or supply curve.

shifts and movements

 


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Digital Hoarding: The Economics of Data Storage

Today, we generate tons of digital content that we want stored, potentially forever. As a result, companies spend big bucks to store terabytes (or even petabytes) of data in cloud storage centers. What are the costs of all this digital storage?...
5 min read

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