Describe What Is Meant by an Experience Economy

question 60

Essay

Describe what is meant by an experience economy. Give an example.

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Definitions:

Dematerialization

The process of reducing the use of physical resources in the production and distribution of goods and services, often through digitalization.

Materialization

In computing, it refers to the process of bringing virtual or logical data into physical form, often in the context of database systems.

Pervasiveness

The state or quality of being widespread throughout an area or a group of people, often referring to technology or cultural phenomena.

Ubiquitousness

The state of being present, appearing, or found everywhere, especially of a concept or technological feature.