hi shadorne:
there is no mystery. no component is perfect. since imperfection is all that is available, there is a variety of imperfect products, preferred by a variety of hobbyists.
when taste is the motivator of behavior, many products will flourish. this is true in other industries as well.
a successful enterprise will differentiate its product from that of its competitors, thereby helping to insure its viability. manufacturer's do that as well as trying to convince buyers of the superiority of their products. if enough buyers are convinced, such businesses are successful.
end of economics 1 lecture.
there is no mystery. no component is perfect. since imperfection is all that is available, there is a variety of imperfect products, preferred by a variety of hobbyists.
when taste is the motivator of behavior, many products will flourish. this is true in other industries as well.
a successful enterprise will differentiate its product from that of its competitors, thereby helping to insure its viability. manufacturer's do that as well as trying to convince buyers of the superiority of their products. if enough buyers are convinced, such businesses are successful.
end of economics 1 lecture.