Unemployment up. Housing values down. Equity markets down.

And you might actually sell your virtual products through theirs or physical products.

And we give those two boxes, those two relationships, a special name.

The market was flooded with imports.

The market was flooded with foreign goods.

There is a huge number of applications of artificial intelligence in finance, very often in the shape of making trading decisions in which case, the agent is called a trading agent.

The market is glutted with cheap imports.

Foreign products arrived on the market in large quantities.

The market for luxury goods is growing fast.

Where is the sanitary section?

Do you have a children's department?

Yeah, I understand you're a dive shop, but where are you located?

The USA is a good market for Japanese products.

Oh. Ha, ha. Yeah, that's an example of better judgment.

So this is the more formal definition of GDP

You're going to another place. A nice new city built especially for prawns.

This is not a five minute pitch.

What floor is the daily goods department on?

The troll market! The troll market?

Cheap imports will glut the market.

I bought this old clock at an antique stall in the market.

Christmas stuff.

You might decide that's a strategy but that's kind of a counter in learning from an MVP.

Peter Brabeck

So in summary, the questions you want to ask are how big can this be, how much of it can we get, what's the growth rate of the market, is the market itself declining or is it in flux or is it taking off? and most importantly here is talk to customers and the sales channel, and next important is you can get some pretty good market size estimates by competitive approximation if it's an existing or resegmented market, or even if we're going to clone a market outside the US.

They are trying to drive Japanese goods out of the market.

Data, data, data...

The Christmas stuff.

Maybe if I do it on a small amount,

Slave market?

This test between problem and solution and your features and customers is actually sometimes called product market fit.

What is the percentage of overseas markets for your products?

Many efforts have been make to develop market for imports.

Thirty years later, mountain bike sales and mountain bike equipment account for 65 percent of bike sales in America.

People were already making handicrafts, jewelry, or something else and they had where to sell

Phase 1 is you're going to get ready to sell.

Either stolen or war surplus.

lifecycle adoption curve popularized by Geoff Moore in a book called Crossing the Chasm.

And competitors, there's many if you're wrong but very few if you're right, and your risk is that you get the market and product redefinition just wrong.

I will go to the market.

In this market?

And the one we'll be actually talking about in some detail during the series of lectures is that you never actually found product market fit and there's too few people who will buy or will use the product.

The stock market is often called a dangerous one.

Another is where you take a segment or re segment an existing market.

It turns out that the type of market changes everything.