Economic rules apply in telecom, no less than in other markets.
Sunday, December 8, 2013
Indian Mobile Market Illustrates Key Principle About Retail Pricing
This chart of subscribers and price per unit in the Indian communications market illustrates a principle that economists always point out: when the price of a desired product goes down, demand goes up (the reverse also is a key principle).
Economic rules apply in telecom, no less than in other markets.
Economic rules apply in telecom, no less than in other markets.
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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