IB Digital Society Topic 4.2C Goods, Services, and Currencies Revision Notes (SL/HL)

IB Digital Society Topic 4.2C Goods, Services, and Currencies Revision Notes (SL/HL) | RevisionDojo

Written by official IB examiners

4.2C Goods, Services, and Currencies

The core shift

Through e-commerce almost anything can be browsed, bought online, and delivered. The deeper change runs underneath that: goods, services, and money themselves become data.
In each case something once physical and countable (a disc, a coin, a certificate of ownership) becomes information. That information can be copied and moved in new ways, and whoever runs the system controls it in new ways too.
The key concepts here are change, systems, and power. New forms of value widen access and cut costs. They also raise hard questions about who to trust, who stays in control, and who gets left out.

Digital goods and on-demand services

A digital good is a product that exists only as data (an e-book, app, song, or in-game item), bought and owned with no physical object changing hands.
Once made, an extra copy costs almost nothing, so one product can be sold to millions instantly, and services shift from ownership to streaming and subscriptions (paying for ongoing access).
1. Near-zero copy cost enables free versions, trials, and freemium tiers. What looks free usually carries a hidden price: an ongoing fee later, or the user's own data now.
This raises values and ethics and power questions: buyers may never truly own what they pay for, since access can be revoked, prices changed, or an account closed, so control stays with the seller.

Digital money and cashless payment

Nice try, unfortunately this paywall isn't as easy to bypass as you think. Want to help devleop the site? Join the team at https://revisiondojo.com/join-us. exercitation voluptate cillum ullamco excepteur sint officia do tempor Lorem irure minim Lorem elit id voluptate reprehenderit voluptate laboris in nostrud qui non Lorem nostrud laborum culpa sit occaecat reprehenderit

Definition

Paywall

(on a website) an arrangement whereby access is restricted to users who have paid to subscribe to the site.

anim nostrud sit dolore minim proident quis fugiat velit et eiusmod nulla quis nulla mollit dolor sunt culpa aliqua

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Duis aute irure dolor in reprehenderit

Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Note

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam quis nostrud exercitation.

Excepteur sint occaecat cupidatat non proident

Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit.

Tip

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Lorem ipsum dolor sit amet, consectetur adipiscing elit.
Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris.
Duis aute irure dolor in reprehenderit in voluptate velit esse cillum.

Unlock the rest of this chapter with a free account

4.2C Goods, Services, and Currencies

The core shift

Through e-commerce almost anything can be browsed, bought online, and delivered. The deeper change runs underneath that: goods, services, and money themselves become data.
In each case something once physical and countable (a disc, a coin, a certificate of ownership) becomes information. That information can be copied and moved in new ways, and whoever runs the system controls it in new ways too.
The key concepts here are change, systems, and power. New forms of value widen access and cut costs. They also raise hard questions about who to trust, who stays in control, and who gets left out.

Digital goods and on-demand services

A digital good is a product that exists only as data (an e-book, app, song, or in-game item), bought and owned with no physical object changing hands.
Once made, an extra copy costs almost nothing, so one product can be sold to millions instantly, and services shift from ownership to streaming and subscriptions (paying for ongoing access).
1. Near-zero copy cost enables free versions, trials, and freemium tiers. What looks free usually carries a hidden price: an ongoing fee later, or the user's own data now.
This raises values and ethics and power questions: buyers may never truly own what they pay for, since access can be revoked, prices changed, or an account closed, so control stays with the seller.

Digital money and cashless payment

Definition

Paywall

(on a website) an arrangement whereby access is restricted to users who have paid to subscribe to the site.

anim nostrud sit dolore minim proident quis fugiat velit et eiusmod nulla quis nulla mollit dolor sunt culpa aliqua

Duis aute irure dolor in reprehenderit

Note

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam quis nostrud exercitation.

Excepteur sint occaecat cupidatat non proident

Tip

Lorem ipsum dolor sit amet, consectetur adipiscing elit.
Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris.
Duis aute irure dolor in reprehenderit in voluptate velit esse cillum.

Topic 1 - Introduction - Digital Society1 subtopic

Topic 2 - Concepts - Digital Society7 subtopics

Topic 3 - Content - Digital Society7 subtopics

Topic 4 - Contexts - Digital Society7 subtopics

Topic 5 - Challenges and Interventions - Digital Society (HL)3 subtopics

IB Digital Society 4.2C Goods, Services, and Currencies Notes

Topic 1 - Introduction - Digital Society1 subtopic

Topic 2 - Concepts - Digital Society7 subtopics

Topic 3 - Content - Digital Society7 subtopics

Topic 4 - Contexts - Digital Society7 subtopics

Topic 5 - Challenges and Interventions - Digital Society (HL)3 subtopics

4.2C Goods, Services, and Currencies

The core shift

Digital goods and on-demand services

Digital money and cashless payment

anim nostrud sit dolore minim proident quis fugiat velit et eiusmod nulla quis nulla mollit dolor sunt culpa aliqua

Duis aute irure dolor in reprehenderit

Excepteur sint occaecat cupidatat non proident

Unlock the rest of this chapter with a free account

4.2C Goods, Services, and Currencies

The core shift

Digital goods and on-demand services

Digital money and cashless payment

anim nostrud sit dolore minim proident quis fugiat velit et eiusmod nulla quis nulla mollit dolor sunt culpa aliqua

Duis aute irure dolor in reprehenderit

Excepteur sint occaecat cupidatat non proident

Unlock the rest of this chapter with a free account