Examlex
The Drake equation estimates the:
Substitute Product
A product or service that satisfies the same needs as another, often considered by consumers as an alternative.
Direct Competition
The scenario where businesses offer similar products or services and target the same customer base.
Direct Competitor
Companies that offer the same products or services to the same target market and customer base, competing within the same industry.
Gross Domestic Product
Gross Domestic Product (GDP) measures the total economic output of a country, representing the value of all goods and services produced over a specific time period.
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