3 ms·
Because of this little thing called "competition". There will always be new businesses who can live with lower profit margins and drive you out of the market fo
by atemerev 11y ago
Because of this little thing called "competition". There will always be new businesses who can live with lower profit margins and drive you out of the market for good.
Capitalism 101.
- wavefunction 11y agoYou should check out Capitalism 102 where they discuss barriers to entry.
- atemerev 11y agoLess and less industries today have any remaining barriers of entry. Some still remain, though. Race and gender issues being the most obvious (I find it shameful and outrageous that this is still a problem in 2016, but evidently it is). Another fantastically blatant example is having a non-US non-European citizenship and being unable to relocate to San Francisco Bay Area, wherever this magic wonderland filled with ponies and unicorns is. Others, like access to education, are disappearing very fast, despite all resistance of the education mafia. Thank you, Wikipedia, I owe you so much.