# Identify 1 example for each of the following concepts
–Supply and Demand curves: When new iPhones come out, people are crazy for them so they are sold at very high prices; when iPhones are everywhere, people lose interest in them and the demand go down so the prices go down as well.
–The world is flat: Reuters, Apple,....
–Moore’s Law: Smartphone processors. Camera lenses.
–Metcalfe’s Law: For Chinese users, Wechat is a more valuable social platform than RenRen because Wechat has more users.
–The long tail: YouTube has very diversified channels (such as handicraft, bakery...)
–Freemium: Angry Birds...
#What may happen 10 years later?
The world is even flatter, the tail will be longer, privacy will be a BIG issue, wearable gadgets will be more available, more people will go online, products will become homogenous, paid content will be more popular, mobile payment will be more available, digital natives have higher purchasing power, VR and AR will also become more availble...
–The world is flat: Reuters, Apple,....
–Moore’s Law: Smartphone processors. Camera lenses.
–Metcalfe’s Law: For Chinese users, Wechat is a more valuable social platform than RenRen because Wechat has more users.
–The long tail: YouTube has very diversified channels (such as handicraft, bakery...)
–Freemium: Angry Birds...
#What may happen 10 years later?
The world is even flatter, the tail will be longer, privacy will be a BIG issue, wearable gadgets will be more available, more people will go online, products will become homogenous, paid content will be more popular, mobile payment will be more available, digital natives have higher purchasing power, VR and AR will also become more availble...
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