U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 12-27-2019, 04:57 PM
 
7,658 posts, read 4,087,282 times
Reputation: 4997

Advertisements

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?
Rate this post positively Reply With Quote Quick reply to this message

 
Old 12-27-2019, 07:40 PM
 
5,137 posts, read 3,114,387 times
Reputation: 10906
Are you serious, Clark?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 12-27-2019, 10:46 PM
 
8,412 posts, read 3,952,860 times
Reputation: 7844
A study of economics at the most basic level would help you to avoid coming across as foolishly as you are with this thread.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 12-28-2019, 03:18 AM
 
7,658 posts, read 4,087,282 times
Reputation: 4997
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.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 12-28-2019, 08:00 AM
 
5,137 posts, read 3,114,387 times
Reputation: 10906
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?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 12-28-2019, 08:07 AM
 
Location: Florida
22,305 posts, read 23,063,624 times
Reputation: 26456
Mr Wonderful. is that you?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 12-28-2019, 08:27 AM
 
5,137 posts, read 3,114,387 times
Reputation: 10906
Quote:
Originally Posted by old_cold View Post
Mr Wonderful. is that you?



I forbid this to go on. Stop this madness!
Rate this post positively Reply With Quote Quick reply to this message
 
Old 12-28-2019, 10:33 AM
 
Location: equator
7,501 posts, read 3,478,755 times
Reputation: 17830
I don't know, the older I get the more I like elastic.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 12-28-2019, 11:03 AM
 
Location: Niceville, FL
10,573 posts, read 18,935,028 times
Reputation: 12758
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.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 12-28-2019, 11:08 AM
 
7,126 posts, read 4,540,317 times
Reputation: 12673
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.
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics

All times are GMT -6.

© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top