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re: This is why business owners/entrepreneurs do not like democrats very much
Posted on 10/24/14 at 8:18 pm to Zed
Posted on 10/24/14 at 8:18 pm to Zed
quote:
Consumers are certainly more important.
This is true in the aggregate, but not at the individual level.
For the sake of argument, let's say Coca-Cola's product cannot be replicated. Something happens to the company and it collapses. The product is lost, and demand for soft drinks is likely to dip, although, obviously, Pepsi and the smalls will be there to offer their competing product. I use Coca-Cola, because the product existed before all of its consumers were even born, so the demand could not have created the product.
Compare that to the loss of an individual or even a decent chunk of Coke's customers. Sure, they don't want to lose customers, here and there, but it isn't the end of the world for Coke (or Pepsi) for that matter.
But, if nobody wanted Coca-Cola's products, they would disappear from the marketplace due to lack of demand.
Now that we're in this - this is a much better philosophical postulate than chicken or egg.
This post was edited on 10/24/14 at 8:20 pm
Posted on 10/24/14 at 8:33 pm to Ace Midnight
quote:Coca Cola was an innovator. They created a new product. I've acknowledged, and would agree, that in those cases producers are clearly more important. I would agree with SFP that innovation is paramount, and if supply is largely responding to demand, actual innovation, where supply creates new demand, would be the primary driver of markets.
I use Coca-Cola, because the product existed before all of its consumers were even born, so the demand could not have created the product.
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