The Invisible Hand: Changing Markets Describe a business that used to operate locally when you...

80.2K

Verified Solution

Question

Finance

The Invisible Hand: Changing Markets

Describe a business that used to operate locally when you were young, but no longer operates/exists today. Additionally, provide an example of a business that operates locally today, that did not operate/exist when you were young. (Use Blockbuster as an example)

Be specific in describing the nature of the business that no longer operates, and the customers they used to serve.
What happened in the market that caused the demand for their product to decrease?
Is there a newer and better substitute product that contributed to the decrease in demand?
Provide a counter-example of a business that does operate today that did not operate/exist when you were young.
It is possible that the new business replaced the old business, but that does not have to be the case.
Your post should be 150-200 words long.

Answer & Explanation Solved by verified expert

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member