ss economy
A weightless economy, in the absence of primary economic resources, can create wealth in an effective manner. People can utilize their specific qualities and skills for producing non-material products and can further distribute them without incurring too much costs.
For instance, a person who is good at coding can create a mobile application, and earn amazing profits in a weightless economy. However, initially, the coder will be incurring expenses related to the start up, hiring and training software developers, launching the application on the App Store, Playstore, etc., and then promoting the final product in the market.
After the production process gets completed, there will be no such restriction on its distribution or selling. And, this will pave the way for unlimited profits. For instance, a student at Brigham Young University named Garrett Gee, devised a barcode scanner application ‘Scan’ in 2011. In 2014, he was able to sell the same application to Snapchat for a whopping amount of $54 million.
References for “Weightless Economy”
Academic research for “Weightless Economy”
The weightless economy in economic development, Quah, D. (1999). The weightless economy in economic development.
[PDF] The weightless economy in growth, Quah, D. T. (1999). The weightless economy in growth. Business Economist, 30, 40-53.
Material world: The myth of the weightless economy, Huws, U. (1999). Material world: The myth of the weightless economy. Socialist register, 35(35).
Gravity in the weightless economy, Keller, W., & Yeaple, S. R. (2009). Gravity in the weightless economy.
[PDF] Demand-driven knowledge clusters in a weightless economy, Quah, D. (2001, April). Demand-driven knowledge clusters in a weightless economy. In International Conference “Knowledge as an Economic Good”, Palermo, April (pp. 20-21).
Visions of the future, the legacy of the past: demystifying the weightless economy, Nolan, P., & Slater, G. (2010). Visions of the future, the legacy of the past: demystifying the weightless economy. Labor History, 51(1), 7-27.
Economic growth in the information age: from physical capital to weightless economy, Cameron, G. (1998). Economic growth in the information age: from physical capital to weightless economy. Journal of International Affairs, 447-471.
Matching demand and supply in a weightless economy: Market-driven creativity with and without IPRs, Quah, D. (2002). Matching demand and supply in a weightless economy: Market-driven creativity with and without IPRs. De Economist, 150(4), 381-403.
Knowledge-based economic development: mass media and the weightless economy, Bandyopadhyay, S. (2005). Knowledge-based economic development: mass media and the weightless economy. Vol.