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ObamaTrade - What's going on here?
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Quote:Supply also drives demand in many instances, that's what comes from invention vs innovation. For instance, there was no demand for Smartphones in 1990 because they didn't exist. Once they were developed (supply from invention) then people decided they wanted them (demand). Now the smartphone market is diversified by innovation where demand now drives supply. It's not as simple as either one exclusively drives the other. Entrepreneurship is what you are taking about. That has nothing to do with basic fundamental issues regarding the supply / demand curve... But I get your point. |
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