A business model in which a company may have great offerings, but does not necessarily great profits due to a lack of stratedgy or how the business is run.

Outlined in an episode of South Park, where gnomes are stealing the town's underwear. The gnome's plan is to...
Step One: Collect underwear.
Step Three: Profit.
WebMD's underwear gnome economics.
Step One: 'Provide connectivity and a full suite of services to the healthcare industry that improve administrative efficiencies and clinical effectiveness enabling high-quality patient care.'
Step Two:
Step Three: Profit.
by -Razor May 20, 2008

6 Words Related to underwear gnome economics

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