Use of Printers

In computing, a printer is a peripheral which produces a hard copy (permanent readable text and/or graphics) of documents stored in electronic form, usually on physical print media such as paper or transparencies. Many printers are primarily used as local peripherals, and are attached by a printer cable or, in most newer printers, a USB cable to a computer which serves as a document source. Some printers, commonly known as network printers, have built-in network interfaces (typically wireless and/or Ethernet), and can serve as a hard copy device for any user on the network. Individual printers are often designed to both local and network connected users at the same time. In addition, a few modern printers can directly interface to electronic media such as memory sticks or memory cards, or to image capture devices such as digital cameras, scanners; some printers are combined with a scanners and/or fax machines in a single unit, and can function as photocopiers. Printers that non-printing features are sometimes called Multifunction printers (MFP), Multi-Function Devices (MFD), or All-In-One (AIO) printers. Most MFPs include printing, scanning, and copying among their features.The printer manufacturing businessOften the razor and blades business model is applied. That is, a company may sell a printer at cost, and make profits on the ink cartridge, paper, or some other replacement part. This has caused legal disputes regarding the right of companies other than the printer manufacturer to sell compatible ink cartridges. To protect the razor and blades business model several manufacturers invest heavily in developing new cartridge technology and patenting it.Other manufacturers, in reaction to the challenges from using this business model, choose to make more money on printers and less on the ink, promoting the latter through their advertising campaigns. Finally, this generates two clearly different proposals: "cheap printer — expensive ink" or "expensive printer — cheap ink". Ultimately, the consumer decision depends on their reference interest rate or their time preference. From an Economics viewpoint, there is a clear trade-off between cost per copy and cost of the printer.