4 ms·
Yeah, niche products feel like an education in how powerful economics of scale & competition really are. It's easy to understand conceptually without having a g
by ip26 6y ago
Yeah, niche products feel like an education in how powerful economics of scale & competition really are. It's easy to understand conceptually without having a grasp of the magnitude. But take apart a $300 food dehydrator, and it's basically 1940's technology. The market just doesn't have competition or scale.
Gives me a new appreciation for why access to goods was so limited in the past.