Question

list three principles of economics for UBER with examples on each one

Answer 1

Answer: UBER is a mobile app in which passenger can link with private cab owner. UBER helps the customer to reach the driver at their place and they take the ride at there confort zone. Ride sharing option is also available to make better use of transport infrastructure.

Key three principles of economics are :

• The first and foremost principle of economic act about your thinking, Don't waste your time in planning. It means that key success is lie that they are innovative and fast. The person is willing run experiment get success. Innovative ideas resulted in business success Example : In Australia Uber start there innovative idea and applied. They start getting success and covered all over world with just a single registered app.
• Second principle is that they main focus on customer. Uber success lies in providing flexible timings. Example : For promotion purpose providing discount offer such as unique code has been provided to customer in there smart phone and they reveal this discount coupon at the time of ride.
• Third principle is that dispurt yourself. It means that provided with smart technology. It helps in gaining higher profit and flexibility in the business. Wider coverage area as well as maintain proper relationship between themselves. Example : Target there customer and driver's . As well as provide such a benefit which attract potential customer to attract on it. Provide welfare to the society resources as there is ride-sharing option.