this artifice is important to current issues involving micro-econ. The demand for cable is going down everday in competition for subscription services. There are substitutes in the market for entertainment for sure.
This article details the dwindling demand for cable subscriptions and the effects of the new streaming innovation on old-school sports television. @Econ_Sport_Prof#UCCEcon
Katie shares a really informational article about current trading going on including personal information. Some may not realize how big of a market this is, or how it effects our daily lives.
Apple's executive chief Tim Cook is speaking out about the importance of private information. Trading personal data is a big market, and billions of dollars are spent trading what people think is their private information. #UCCEcon@Econ_Sport_Prof https://t.co/Btjli3LDaJ
I play video games and the one I'm playing the most is Apex Legends. I feel like this game fits the contents in chapter 1. This game has a lot of alternatives for it. There's Fortnite, Pub G, etc. Anyone of these games can be switched out for one another.@Econ_Sport_Prof#UCCEcon
Lyndsey's article was a great example of real world issues happening all around us. The market for housing is crazy right now due to covid and supply and demand.
#UCCecon@Econ_Sport_Prof
currently there are shortages in the market (market scarcity) that could affect the stock market. This could be a huge problem.
https://t.co/6ehtHkZxti
#UCCecon@Econ_Sport_Prof
this article shows data about how farmers across the country have to deal with COVID and how it is affecting their farming seasons. This will affect supply and demand of certain produce. Which will likely cause shortages.
https://t.co/xefSR5nxfL
#UCCecon@Econ_Sport_Prof
This tweet represents the supply and demand phases that are currently happening in today's world. Gas prices are a great example because numbers involved describe the data.
#UCCecon@Econ_Sport_Prof
This post made by ESPN show an example of opportunity costs for the raiders NFL team, this is because the Raiders now must spend their money on a new WR and they are taking the risk of losing fans, which in turn could cost them in the long run