Weightless Economy
Categories: Econ, Financial Theory
Antigravity chairs aren’t the only weightless things economists are eyeing on their computers.
A weightless economy refers to a sector of goods and services that aren’t tangible. For instance: your Netflix account, Spotify account, Photoshop software, and social media accounts are all intangibles: stuff you probably interface with and pay for in some form on the reg.
These products and services are called “weightless,” because they literally don’t weigh anything. Sure, they might need some storage space somewhere, but because these products don’t require extensive warehousing space, refrigeration, special handling, etc. that normal tangible products require, the weightless economy has been able to grow much more quickly.
Most products in the weightless economy are defined by their high startup costs (creating the technology, software, etc.) but low reproduction and distribution costs, making them money-machines.