The 20th century conflated 'large market' with 'mass market' (homogeneous, lowest-common-denominator), but technological and business developments now allow large markets that are not geographically located and can support highly specialized, niche aesthetic products—breaking that conflation (later termed serving the 'long tail').

factualpending

Speaker

Virginia Postrel

Evidence Quote

you can have a large market, uh large enough to support the cost of production, but it could be very specialized.

Source

Virginia Postrel on Style 11/27/2006EconTalk
Created: 6/17/2026, 10:31:39 AM

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