🏪Why Is Everything the Same: Hotelling's Law | Erudites' espresso #47

Have you ever wondered why all the gas stations are on the same corner, or why all the politicians sound alike? Well, there’s a simple explanation for that: it’s called Hotelling’s law. In this video, I’ll show you how this economic principle works and why it leads to minimal differentiation in many markets. You’ll also learn how to break free from the tyranny of the median and stand out from the crowd. So, if you’re ready to spice up your life with some variety, tune in and watch this video. And don’t forget to like, share, and subscribe for more fun and informative content. #varietyisthespiceoflife