“Every minute I spent thinking about competitors was a minute wasted”

Re:“Every minute I spent thinking about competitors was a mi... by Old_Thrashbarg on Saturday March 23, 2019 @03:23PM (#19471925)

I think the tech world's use of the word "commodity" is interesting. "becoming a commodity" really means "fail to establish a monopoly".

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Re:“Every minute I spent thinking about competitors was a mi... by hopler on Saturday March 23, 2019 @08:17PM (#19473127)

That's what commodity means in economics, up to the level of precision implied by your statement.

www.investopedia.com/terms/c/commodity.asp

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Re:“Every minute I spent thinking about competitors was a mi... by Old_Thrashbarg on Tuesday March 26, 2019 @02:09AM (#19489611)

I think most people understand commodity as things like: iron ore, sugar, rice, chemicals, raw materials.

For example, take a Toyota Prius. Most people would not think of that as a commodity. It also is not a monopoly. If Toyota Prius where a software tech startup, they would be bemoaning the fact that they have become a "commodity" (read: it's become a competitive market where consumers have choice between differentiated goods).

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