Exact(14)
Even with full information, early markets did not always do what a modern trader would expect.
Polanyi's key point, however, is that society and economy are not separate, and, thus, he emphasized how early markets were price-regulated markets rather than free markets.
"Investors are being very selective; Zipcar is trading well because it is establishing a new market and they are profitable in a number of their early markets".
One of the largest early markets was for automobiles, whose manufacturers used electronic components to build alternators, which replaced generators in most cars sold in the 1960s.
Dynamic pricing is an oft-promoted benefit of the smart grid, although it has proved contentious in some of the early markets where it has been proposed, particularly among ratepayers at home during the day, when the electricity cost is higher.
Typical early markets consist of a few crazed pioneers who look like little more than hobbyists.
Similar(46)
Marketers need to fish where the fish are, however, in an early market there are often more questions than answers.
Early marketing campaigns promoted the durability of the trucks.
An early marketing campaign was titled "Calling All Chubbies".
But early market chaos gave way to big opportunities.
Early market whispers had pegged the price at $50 a share.
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