# Identify 1 example for each of the following concepts
–Supply and Demand curves
–Supply and Demand curves
From November of last year, egg market in China has witnessed a exceed excess supply period when over 66% eggs have been produced more than the average rate of past years. The recent average weekly price of egg is 2.63/egg, which indicated a decrease of 2.95% than last week. With the approach of Chinese New Year, it is forecasted that the demand of eggs will rise because people will buy more eggs for reunion party on Chinese New Year Eve and during the holidays. The price of eggs may rise as the result.
–The world is flat
The popularization of SNSs, such as Facebook, enables users of different cultural background to exchange information and ideas. The use of SNSs represents the need for promoting information dissemination, and it also allows individual users to participate in information globalization.
–Moore’s Law
Moore's law was first proposed in transistor field, and still applicative in silicon. Polycrystalline silicon is a kind of new energy to make battery which transfers solar energy. Monocrystalline silicon was first adapted with a higher transfer rate, but quite high cost. While now polycrystalline silicon has slowly taken its place, with half of the cost, 17%- 18% transfer rate. And these years, the transfer rate is growing with the big step of cost reduction, conforming to Moore's law.
–Metcalfe’s Law
The popularization of SNSs, such as Facebook, enables users of different cultural background to exchange information and ideas. The use of SNSs represents the need for promoting information dissemination, and it also allows individual users to participate in information globalization.
Moore's law was first proposed in transistor field, and still applicative in silicon. Polycrystalline silicon is a kind of new energy to make battery which transfers solar energy. Monocrystalline silicon was first adapted with a higher transfer rate, but quite high cost. While now polycrystalline silicon has slowly taken its place, with half of the cost, 17%- 18% transfer rate. And these years, the transfer rate is growing with the big step of cost reduction, conforming to Moore's law.
It is known to us that social media depend much on quantity of users. According to statista, Instagram has more than 600 million users by December, 2016. When Instagram has more and more users, it began to delivery advertising based on data analysis of its users. Users can also benefit from follow different kinds of accounts to view photography or creative pictures.
–The long tail
The long tail theory suggests there’s a huge demand for products beyond the high-volume items brick-and-mortar shops can offer, thus Netflix licensed a huge library of content to target niche demand and build its subscriber base. It was able to use this ‘tail’ business to invest original programming, from the Emmy-award-winning House of Cards to a recent Disney deal for four new Marvel shows.
–Freemium
a notable example is Baidu Netdisk which is one of the most largest cloud service providers in China. Compared with free users who receive services in a limited space, senior members of Baidu Netdisk have access to added features like faster download, 5T storage space, and online uncompressed package. The membership fee is 72 yuan per 3 months or 269 yuan per year.
The long tail theory suggests there’s a huge demand for products beyond the high-volume items brick-and-mortar shops can offer, thus Netflix licensed a huge library of content to target niche demand and build its subscriber base. It was able to use this ‘tail’ business to invest original programming, from the Emmy-award-winning House of Cards to a recent Disney deal for four new Marvel shows.
–Freemium
a notable example is Baidu Netdisk which is one of the most largest cloud service providers in China. Compared with free users who receive services in a limited space, senior members of Baidu Netdisk have access to added features like faster download, 5T storage space, and online uncompressed package. The membership fee is 72 yuan per 3 months or 269 yuan per year.
#What may happen 10 years later?
10 years later, cloud computing service will be more and more powerful which can create a virtual space made up of data. People can control their consciousness in the virtual space. People can achieve a lots of things such as watching movies when you're "sleeping".
Weiting WANG 1155081820
Wuyi DENG 1155089216
Kejin WU 1155081995
Yibing SHEN 1155081938
Jingfan ZHAO 1155081873
Ziyi Gao 1155080948
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