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That's often how it goes. The market starts out with lots of small businesses, but over time it ends up up with a few giant companies. Economists call it indust
by troymc 2y ago
That's often how it goes. The market starts out with lots of small businesses, but over time it ends up up with a few giant companies. Economists call it industry consolidation. There are some interesting nuances at the beginning and the end of the "consolidation curve" [1].
[1] https://hbr.org/2002/12/the-consolidation-curve https://hbr.org/2002/12/the-consolidation-curve