Tag: cost
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Price vs. Cost
This morning I read an interesting article from Seth Godin’s blog. The subject, though not expressed in this way, is essentially was price vs. cost. Price as in the monetary commitment required to buy-in and cost as in the resources expended over time to maintain said item. Sure, it’s not a revolutionary concept; but, it can…
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Priceline for Medical Care
We live in a Share & Bid Economy: There’s Priceline for Cars/Hotel, Shipping Wars on A&E for transporting goods and eBay for everything else. Well, now there’s a new service called Medibid and it works exactly like you’d expect: For $25, patients post bids for out-patient medical treatment (i.e. knee surgery) and doctors submit bids. The doctor must provide…
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The Zero Marginal Cost Society
I recently shared a snippet about the sharing economy. While it may be good for consumers, Economist Jeremy Rifkin thinks, “the sharing economy is in the process of eclipsing capitalism, part of a trend towards products becoming essentially free.” Rifkin concludes that, “by 2050, [sharing] will likely settle in as the primary arbiter of economic life…
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