2 ms·

I'm used to elasticity in terms of something like oil where people will pay for it, whatever the cost. I guess creative endeavors are the same, just on the othe

I'm used to elasticity in terms of something like oil where people will pay for it, whatever the cost. I guess creative endeavors are the same, just on the other side. There will always be another artist willing to work for nothing in hopes of getting discovered.

esafak 3y ago
The economic model for that is a winner-takes-all market, which media is a textbook case of. Social media, on the other hand, is a little heavier tailed, but still nothing like engineering.