Tuesday, May 10, 2011

Why the End of Scarcity Will Change the Economics of Everything

Our day-to-day experience teaches us that scarcity is real. All modern business practices are built on this assumption. Some businesses depend upon it entirely. For example, high-end auction houses and low-end infomercials both remind you through various cues that if you don’t buy it now, you may not be able to ever buy it again. But what happens if the economics of scarcity are exchanged for the economics of plenty?

read more at Mashable

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