> The author suggests that the downfall of Radio Shack was based on societal changes rather than more traditional market forces (competition, changing consumer demands, etc).
Societal changes producing changes in supply and demand, and that causing both the fall of old firms and the rise of new firms are traditional market forces. Its what proponents of capitalism point to as the manner in which capitalism, via the free-market, aligns the work done in society with its current needs and desires.
Societal changes producing changes in supply and demand, and that causing both the fall of old firms and the rise of new firms are traditional market forces. Its what proponents of capitalism point to as the manner in which capitalism, via the free-market, aligns the work done in society with its current needs and desires.