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Thread: rounding error

  1. Senior Member
    Student or Learner
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      • Native Language:
      • Korean
      • Home Country:
      • South Korea
      • Current Location:
      • South Korea

    • Join Date: Jun 2007
    • Posts: 1,271

    rounding error

    Please make the following in red clear for me.

    The Curve says that most people in the world want to pay nothing or very little for what you offer. Statistically, amongst the 7 billion humans on the planet, demand for your offering is a rounding error. Fixating on the challenges and opportunities at the low price points is a mistake anchored in twentieth-century thinking, focused on the wrong scarcities and held in place by the tyranny of the physical.

    Does the "rounding error" in the context mean "very small"?
    And what does the "wrong scarcities" mean there?

    Thank you.

  2. Editor,
    English Teacher
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      • Native Language:
      • British English
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      • UK
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      • Laos

    • Join Date: Nov 2002
    • Posts: 60,190

    Re: rounding error

    1 Yes- so small it's irrelevant
    2 Obsessing with low prices is looking at the wrong things

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