I have to confess bravely that till now I never heard about the law of increasing returns. That’s why I typed it into the searching of Google and I read and read for hours. It was more and more incomprehensible. From the Malthus law… about diminishing returns, when the food won’t be enough for the popularity of the world and the people will die of starvation.
What I read in Software Times made clear the whole. I would like to share with my fellow-student who- than me -never heard about it.
Diminishing returns is an economic law than the increasing returns one is opposite of the other. The explanation with a good example: Let’s suppose that you are a coffee grower. You first plant the best lands and that produces a certain yield per acre. As the demand for coffee grows, you are forced to use additional land which is not as good as your original lot so the yield per acre or the yield per dollar of input will be less.
Increasing returns is also an economic law that governs modern knowledge based businesses such as software. The user has to invest a large amount of effort to learn to use a technology and then does not want to change for the shake of change. Take automobiles.When you learn to drive a car you learn to drive all cars. Now suppose that someone figure out something and changes the whole order. You have to forget your reflexes, would you want it? Highly likely you say: No. In modern lingo, don’t mess with the user interface.
Increasing returns means that “The More You Sell, the More you Sell.” but the winner of software, the more they become enslaved to the software and all its upgrades.
I found in the Free dictionary a good definition:" increasing returns in network effect"
“The resulting increased value of a product because more and more people use it. Telephones, fax machines and computer operating system for example. A product’s success is due to compatibility and conformity issues, not that product or technology may be superior or inferior to the competition.”
Come to what you were asking about typing. I wrote to you that I learned to write on typewriter when I was five year-old. As my father was a lawyer and there were three different typewriters in his bureau.I was very interested in them. Due to this I can type fairly quickly, but I learn lot of rules from you.
Thank you !
P.S: Unfortunately I saw lot of typos in this part:chiefly: i instead of I; no space; no capital letter at the beginning of a sentence.