Quote:
Originally Posted by morantis
It is interesting your mention of "not making any product." I read, and I could be quoting a completely false source, that 2011 was the first year in the history of commerce where the sales of "intangible" products in the consumer quarter was greater than that of "tangibles." There was a long article about the changes face of the economy and such. I was skeptical. If you think about such sales as homes and cars, both being large ticket items, it is hard to believe that things such as Netflix combined with other things of that nature could win out. However, I did also consider that cellphone service, internet, satellite/cable service and the standards of insurance and medical treatment, it is very possible that the claim is correct.
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An interesting observation.
If not now correct, it probably soon will be.
This country (USA) and maybe the rest of the world seems to be headed in that direction.
The accumulation of tangible goods has to be "serviced" (an intangible) and when even gas stations charge you $0.25 to "air up" a tire...