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Ubernomics

In a previous post, UberX Pricing by City [Raw Data], I published a list of cities and towns in which UberX operates along with the minimum price, the price per mile and price per minute. My original intention for collecting the data was to derive conclusions behind what I call “Ubernomics.”

Consumer Sovereignty

Consumer sovereignty is the theory that consumer preferences determine the production of goods and services. This means consumers can use their spending power as ‘votes’ for goods. In return, producers will respond to those preferences and produce those goods.