Economies

Definition

The study of how a society uses its scarce resources.

Source

Attention Shoppers, Michael Goldhaber

Explanation

“The economy of attention – not information – is the natural economy of cyberspace.” This is the central argument of the document, Attention Shoppers.┬áThere is only so much a person can look at and absorb, thus making attention a scarce commodity. Everyone wants your attention. Your attention equals money and everyone wants money.

One thought on “Economies

Leave a Reply