"Freeconomy” and Moore’s law

From wsuwiki

1 "Freeconomy" Definiton
2 Moore's Law
3 Relation
4 Business Examples
5 Future
6 References

"Freeconomy" Definiton

Referes to web based businesses that offer a portion or all of their products and services for free.

Moore's Law

Moores Law dicates that a unit of processing power halves in price every 18 months.

Relation

The Term Freeconomy is a term that has been pioneered by Chris Anderson in his article Free! Why 0.00 Is the Future of Business [1]. The movement we are seeing today on the web consists of businesses offering a majority or all of their services and products for free. The time these items become available have a direct relation to their cost. Since the cost of computing power continues to drop in cost, more services and products are becoming free to consumers.

Business Examples

Yahoo offers unlimited email storage to all of its users [2].

The New York Times is available for free online [3].

Wikipedia offers free user created information with no strings attached [4].

Verizon offers free cell phones with contract [5].

Future

As computing power becomes cheaper and cheaper according to Moore's Law more businesses will offer services and products that are free to the consumer. Businesses that don't adapt to the model will not be able to compete. Tailoring to a global online based audience will allow companies to succeed.