MidTerm Economics Essay

Communication Internet create a new technology platform that connects everything and everyone. Nowadays, there are a lot Of platforms, that are connected to each other. You can login to any website With the using of your “Backbone” page, “Google” profile or even “Linked”, if you are looking for a job. At this time, government can see, which type of music I’m listening to, just because I have logged into my “Concluded” account with my “Backbone” page. They can trace it easily. Location serviced are also provided with the using of smartness.

Each photo has a gee tag in it. Everything works like a big system. Apple use fingerprints password system and it is connected directly with your tunes account and usually also to your credit card, because you need to buy something in their online store with your card. So they got a big and very saturated picture of the world that is using its assets like this platforms. This platforms does not have a narrow correlation among each other, but they are connected to each other through intelligence brain that is now fundamentally transforms our way of life.

Writing this text, of course I was referencing to the Google search and on the one of the websites, when I was trying to copy some thoughts – a quick pop-up window appeared immediately and offer me to share this quote on the big list of social platforms that are in deal with this source. To sum up this thought, think today, zero marginal cost is close to zero and approaching it very quickly in different areas of business. For instance, we can take advertisements. Spread information now is free, near zero.

Now I can share my advert easily with the using of Mainstream. Its free and there are a lot of subscribers on my page. If I want more, can but one lion subscribers page and share information there. It is also happening. E- books decimating newspapers industry, and decreases the workplaces in it. I have to argue with that, maybe I’m too old, but as for me, would like to better read the newspaper in my hands, so that is natural to feel it instead of the E-book version. Internet can bring an economic infrastructure into a costless era.

Internet is now covering large segments of economic life and approaching it to near zero marginal cost in the years ahead. Marginal cost is a cost of producing an additional unit of a good and service after your fixed sots are covered. New economic system is entering the world that can get us near zero marginal cost in the production of goods. Economists have always welcomed a reduction in marginal cost as well as business people. Also there are a lot of competition that depends on market size, magnitude and size of players.

Entrepreneurial dynamism of competitive markets that drives productivity up and marginal costs down. Businesses to reduce the price of their goods and services in order to win over consumers and market share. Over the next 20 years we will see that manufacturing Will allow consumers to lid their own products in a decentralized and distributed fashion, and to an extent never seen before. I’m strongly agreed with such idea. Large platforms like a ISO and Android will allow soon to build custom applications easily.

There are dozens of robots now working with their algorithms. On the picture factories there are robots. They powered by renewable energy sources like wind and the sun, creating products delivered by drivers vehicles, also run on renewable energy. Perhaps these products can simply be produced at your home or in a company in a distance from with the help of a 3-D printer. Even in my city in Russia, there is a innovative factory’, ifs called “Sun Innovations”, as remember – and they has got this 3-D printer.

Thanks for the “big thinker” Politician Anatoly Brioches Chablis. He is Russian politician and businessman who is bringing innovative technologies into life from 2003. With this innovative technology you can easily get what you want, just in record time, with removing the expenses of transporting, construction and opportunity costs. Economic profit formula is when you take your Revenue and subtract from it the cost fixed, variable cost per unit and opportunity cost. For Accounting profit Revenue should be subtracted with the cost fixed and variable cost per unit.