When the Computer Industry First Reached the Everyday Consumer, Commodore

question 5

Essay

When the computer industry first reached the everyday consumer, Commodore computers were extremely popular, and were the first computer ever purchase by many people. As other personal computers such as Apple and IBM entered the marketplace with word processing, data base programs, and a few games, Commodore kept its focus on games. From the perspective of the population ecology, explain what happened to these organizations over the long run, and why.

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Definitions:

Investment Demand

The total demand for goods and services within an economy that represents an investment by businesses or individuals.

Say's Law

An economic theory proposing that supply creates its own demand, implying that production drives economic growth.

Keynesians

Economists and followers of the economic theories of John Maynard Keynes, who advocated for government intervention to manage economic cycles.

Aggregate Demand

The full quantum of desire for goods and services within an economic realm, set against a particular overarching price level for a fixed duration.