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).
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).