Another way of putting this is my common refrain: profits go to whoever has the scarce good.
Essentially because Apple controlled the supply of that scarce good, that iPhone.
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They control that spectrum: so if that becomes the scarce good then the profits should be rather more flowing to them instead of the handset manufacturers.
FORBES: Why Apple's Profits Might Start Declining Dramatically
The country has an abundance of a resource that is scarce elsewhere: good, cheap engineers (it takes 1, 000 or so to run a big chip plant).
It claimed it was a "risky and speculative" development which was not a good use of scarce public funds.
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Their first venture--selling portable power generators imported from Japan's Suzuki--was a good business in the power-scarce North until import restrictions put paid to it.
What is more, good American tabloid journalists seem in scarce supply, probably a result of sharply varying ethics (think puritanical American professionalism versus anything-goes British ruthlessness).
In typical Keynesian fashion, Dr. Stiglitz offers no hint that capital is scarce or that its owners more anxiously seek good uses for it than he does.
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Finally, aside from asset management now would be a good time to start planning your future life in this potential reality of scarce oil.
In most areas this broadened ownership (thought to be a social good), and in several markets it invited a bidding war for scarce properties or a speculative gambit for flippers.
Nokia, with an eye to emerging markets where electricity is scarce and there's high Internet usage by young people, claims the battery is good for 17 hours of talk time.
If, to paraphrase Carl von Clausewitz, diplomacy is war by other means, then just as armies are called upon to concentrate their efforts and resources where they can do the most good for their cause, so governments must utilize their diplomatic resources - whether plentiful or scarce - to advance their most important national interests.
In America today, a house in a safe neighborhood with good public schools featuring a convenient commute to the central business district of an economically vibrant city is a scarce commodity.
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