In markets that trade natural products, such as agricultural, fishery, energy, and commodities markets, oversupply or at least excess supply causes problems. When supply is high, prices plummet, causing significant damage to producers; conversely, when supply is low, prices rise, and consumer sentiment diminishes. As a result, both suppliers and consumers suffer. The challenge is that it is difficult to intentionally set the level of production. Because of this, a futures market develops in situations where we have to accept what nature provides. Futures trading is a method in which a producer and a distributor agree in advance to trade the price of an item to be produced in the future, without knowing the exact quantity yet. In other words, in futures trading, the focus is on price rather than quantity. Since it is challenging to stock items that require freshness, futures trading offers advantages by allowing transactions to be made in advance. However, if supply fluctuates too much,...
Media shapes a “perceived space,” which exists not in the physical realm but within our imagination. Businesses that once thrived on in-person gatherings will need to adapt their perception of space to survive in the future. Traditionally, aggregation has served as a primary profit model. However, even in a distributed setting, if a cognitive connection can be established, a cognitive space emerges. While aggregation and variance are tied to physical realities, these distinctions lose relevance in cognitive terms. For instance, cafés inside train stations hold economic value due to the relatively short travel distance compared to those outside. Yet, a café just outside the station, equipped with an LED display providing boarding information, effectively extends the perceived economic value of the train station space. Instagram exemplifies this concept; to reiterate, media creates a perceived space.
- Joseph’s “just my thoughts”
Comments
Post a Comment