how do they make money?
This is the primary way Instagram earns revenue
What is advertising?
Apps want you to spend a lot of this on them.
What is time?
Free apps cost $0 to download. This mean they are this price.
What is free?
this factor of production means the people who do the work (like programmers making apps)
what is labor?
If something is free, sometimes YOU are helping the company make money by watching ads. You are the this.
What is the product?
Fortnite makes billions selling these optional digital items.
What are skins?
Scrolling forever on Instagram or TikTok until your absolutely rotten is called what?
dooooom scrolling
Apps collect information about what you like. This is called your this.
What is data?
computers, offices and tools used to build apps are this factor of production
what is capital?
Meta Platforms owns Instagram and makes money mostly from this.
What are ads?
The game Clash Royale has a seasonal subscription called what?
What is Pass Royale?
When your phone sends alerts to bring you back to an app, those are called this.
What are notifications?
Companies make money with certain in game opportunities giving a user an unfair advantage. These are called "___ __ win"
What is Pay to
what are the natural resources used to make products
what is land?
Often free games encourage players to buy this to make money.
A pass, brawl pass, pro pass, battle pass
Snapchat offers this paid subscription tier for exclusive features.
What is Snapchat+ 👎
When you don't want to miss what your friends are doing on Instagram, it's called this.
Fear of missing out (FOMO)
If something is easy to get and free, more people can use it. This is called this.
What is accessibility?
the person or group that starts a business, takes risk and makes decisions is this factor
what is entrepreneurship?
Free apps get lots of users because people don't have to pay first. This is called low _____ to start.
What is low cost?
In Brawl Stars, players spend money to get this premium currency.
What are gems?
Rewards for logging in every day on a certain app give you this between two people.
What is a streak
Spending 2 hours on Instagram instead of doing your homework would be an example of what in economics?
What is opportunity Cost?
in Fortnite the developers who design the game are an example of this factor of production
what is labor?
When did apps start being free with ads.
What is 2009-2010