Youtube Relating with Economics :
1) Economic of scale :
Since youtube is a video streaming platform from past 12 years. It has the huge economy of scale
In 1 Minute almost 400 Hours length is been uploaded in youtube. Due to this much of quantity it has great reach to its users.
2) Oilgopoly:
In early stage the when youtube came it was having the monopoly in the market. Since the arrival of the new competitors now the market of the youtube is oligopoly. Oligopoly is a type of market in which there are less number of sellers and more number of buyers.
3) Taste and Preferences:
As youtube is a leader in video streaming it has all the videos which a viewer want to see according to its taste and preferences irrespective of the language and other barriers.
4) Law of Demand:
As world wide the price of the data is becoming cheaper the demand for the streaming platform is been increasing daily. Youtube Relating with Economics
5) Revenue Generation:
Youtube doesnt generated its revenue from its viewers directly. The youtube revenue is been generated by the ads which it shows during the videos. youtube keeps 45% of the revenue generated from adsense and 55% to the creator of the video.
1) Economic of scale :
Since youtube is a video streaming platform from past 12 years. It has the huge economy of scale
In 1 Minute almost 400 Hours length is been uploaded in youtube. Due to this much of quantity it has great reach to its users.
2) Oilgopoly:
In early stage the when youtube came it was having the monopoly in the market. Since the arrival of the new competitors now the market of the youtube is oligopoly. Oligopoly is a type of market in which there are less number of sellers and more number of buyers.
3) Taste and Preferences:
As youtube is a leader in video streaming it has all the videos which a viewer want to see according to its taste and preferences irrespective of the language and other barriers.
4) Law of Demand:
As world wide the price of the data is becoming cheaper the demand for the streaming platform is been increasing daily. Youtube Relating with Economics
5) Revenue Generation:
Youtube doesnt generated its revenue from its viewers directly. The youtube revenue is been generated by the ads which it shows during the videos. youtube keeps 45% of the revenue generated from adsense and 55% to the creator of the video.
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