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"普及は二つの力によって触媒されます。需要とそれに伴うコストの減少であり、これらはそれぞれ技術をさらに良く、そして安くすることを促進します"

Mustafa Suleyman
Mustafa Suleyman Entrepreneur
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Quote meaning
The heart of this idea is pretty straightforward: when more people want something, and it's produced more, the price often drops. This, in turn, makes the item even better and more affordable. Think of it as a cycle – the more we crave and buy, the less it costs, and the cooler and more advanced it gets.

This concept isn't just pulled out of thin air. Historically, we've seen it play out time and time again. Take the personal computer, for example. Back in the 1970s, personal computers were clunky, expensive, and something you'd only find in the homes of the ultra-nerdy or the mega-rich. But as demand grew – people started realizing how incredibly useful and fun these machines could be – companies ramped up their production. More competition and better technology led to lower costs. Fast forward to today, and almost everyone has a computer that fits in their pocket – yep, your smartphone is basically a mini-computer.

Let's dive into a real-life example. Think about electric cars. Remember how not too long ago, they were a luxury? Tesla’s Roadster was one of the few options, and it wasn’t exactly cheap. But as more people became interested in going green and the technology improved, other companies jumped on board. Now, you can find electric vehicles (EVs) at a much more affordable price point. The batteries last longer, charge times are decreasing, and the overall performance is miles ahead of those early models. Demand pushed these changes, and as a result, EVs are becoming a common sight on the roads.

So, how can you use this idea to your advantage? Let’s say you’re an entrepreneur. You’ve got this groundbreaking product that you believe will change people’s lives. Don’t get discouraged if it’s expensive and only a few people can afford it at first. Focus on creating demand – market the heck out of it, show people why they need it. As demand grows, look for ways to streamline your production. This will naturally lower your costs and make your product more accessible to a broader audience. It’s a cycle you’re creating: demand, production, cost reduction, and improvement.

Imagine this scenario: you’re chatting with your friend over coffee. Your friend, let’s call her Sarah, just launched her handmade jewelry business. Her pieces are stunning, but they’re pricey, and she’s worried about how she’ll compete with cheaper, mass-produced jewelry. You remind Sarah about the idea of demand driving down costs and improving the product. By creating a strong brand, using social media to build a loyal following, and maybe even hosting small local events, she can create that demand. As more people fall in love with her work, she can look into more efficient ways to produce her jewelry without sacrificing quality. Maybe she finds a supplier who offers her bulk discounts, or perhaps she invests in better tools that save her time. Her prices can come down, her customer base can grow, and her business can flourish.

In short, the cycle of demand leading to lower costs and better products isn’t just an abstract theory. It’s a tangible process that you can witness in everyday life and even leverage in your own ventures. So next time you see a product evolve from a pricey novelty to an everyday essential, you’ll know exactly why – and maybe even how to do the same with your brilliant idea.
Related tags
Advancement Affordability Demand Improvement Innovation Market dynamics Technology
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