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Maybe it's not supply & demand, but a network effect: For reading, I would argue the ability to read become more valuable as the literacy rate increases, as so
by rsolari 15y ago
Maybe it's not supply & demand, but a network effect:
For reading, I would argue the ability to read become more valuable as the literacy rate increases, as society starts to run on the written word.
Perhaps computer literacy is the same.
- candre717 15y agoThat's interesting. When would you use a supply & demand model versus network effects to explain a trend?