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Efficiency in this case defined as "extracting as much money from consumers at as low a cost as possible", not "providing as much value as possible to consumers
by m12k 4y ago
Efficiency in this case defined as "extracting as much money from consumers at as low a cost as possible", not "providing as much value as possible to consumers at as low a price as possible". The latter can, under the right circumstances (a competitive market) be the most effective way to achieve the former, but those conditions do not always occur, and most companies, for obvious reasons, do all they can to get into a position where they don't.
- q-big 4y ago> Efficiency in this case defined as "extracting as much money from consumers at as low a cost as possible", not "providing as much value as possible to consumers at as low a price as possible". "providing as much value as possible to consumers at as low a price as possible" is exactly the opposite of efficiency since as a company you don't have to invest that many resources for the given price.
- krolden 4y agoWhat's the value in a spyware ridden laptop?
- q-big 4y ago> What's the value in a spyware ridden laptop? Pre-installing spyware gives money to the vendor of the laptop. The developer of the spyware can afford to give this money to the laptop vendor since he can use the collected data to make even more money.
- krolden 4y agoYeah obviously, I mean the value to the users