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Old 12-27-2019, 05:57 PM
 
7,656 posts, read 3,367,239 times
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Why wouldnt everyone just produce things with very low market elasticity.

Wouldnt buisness have much lower probability of failure if people only produced low elasticity items?
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Old 12-27-2019, 08:40 PM
 
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Are you serious, Clark?
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Old 12-27-2019, 11:46 PM
 
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A study of economics at the most basic level would help you to avoid coming across as foolishly as you are with this thread.
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Old 12-28-2019, 04:18 AM
 
7,656 posts, read 3,367,239 times
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Quote:
Originally Posted by TaxPhd View Post
A study of economics at the most basic level would help you to avoid coming across as foolishly as you are with this thread.
I am watching all 40 something crash course videos and they dont really explain it. Why would you enter a market that has a large chance of failing becuase the barriers to entry are low and its easy for others to compete against you.
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Old 12-28-2019, 09:00 AM
 
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Quote:
Originally Posted by pittsflyer View Post
I am watching all 40 something crash course videos and they dont really explain it. Why would you enter a market that has a large chance of failing becuase the barriers to entry are low and its easy for others to compete against you.
Do you think it’s easier to compete in an area where the barriers to entry are high and the players in the position of strength can crush you like the cockroach you are by trying to come into their more profitable niche?
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Old 12-28-2019, 09:07 AM
 
Location: Florida
20,740 posts, read 20,725,339 times
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Mr Wonderful. is that you?
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Old 12-28-2019, 09:27 AM
 
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Originally Posted by old_cold View Post
Mr Wonderful. is that you?



I forbid this to go on. Stop this madness!
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Old 12-28-2019, 11:33 AM
 
Location: equator
4,430 posts, read 1,916,528 times
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I don't know, the older I get the more I like elastic.
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Old 12-28-2019, 12:03 PM
 
Location: Niceville, FL
8,058 posts, read 16,594,284 times
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Because if you have the right product and time it correctly, you can make a whole bunch of money that way before the rubber band snaps back to norm or the recession hits. See: Cabbage Patch Kids, Beanie Babies, Tickle Me Elmo, etc.
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Old 12-28-2019, 12:08 PM
 
5,986 posts, read 3,216,694 times
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Quote:
Originally Posted by pittsflyer View Post
Why wouldnt everyone just produce things with very low market elasticity.

Wouldnt buisness have much lower probability of failure if people only produced low elasticity items?

Because we need toilet paper, paper clips, and lots of bullets.
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