Paper 1 real-world example: Resource allocation in the technology market
This week, Apple launched their new iPhone Air. Not only is it the thinnest iPhone, it also comes without a SIM card. The iPhone Air comes with an eSIM. iPhone customers will no longer receive a device that requires a small piece of rectangular plastic to be inserted into the phone. eSIMs come with advantages to both the producer and the consumer. Moving to an eSIM means there will be more room in the device for a...