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You seem to be using “actual” in a way that suggests proportion to population is a key part of the definition. But although a company that served a market for 2
by GavinMcG 2y ago
You seem to be using “actual” in a way that suggests proportion to population is a key part of the definition. But although a company that served a market for 20 million might well have failed as the market shrank, it also had the opportunity to survive and continue serving an actual market with an actual demand for 7 million actual horses.
- 082349872349872 2y agoHermès' original market for tack (harnesses and bridles for driving) shrank considerably, but they've found new markets since. Lagniappe: https://www.youtube.com/watch?v=qs-IKeRyRAg https://www.youtube.com/watch?v=qs-IKeRyRAg