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Today open source software has slashed the cost of softwaredevelopment from millions of dollars to thousands. For consumer hardware, no startup has to build their own factory as the costs are absorbed by offshore manufacturers. Entrepreneurship as It’s Own Management Science.
A company developingsoftware would have to buy computers and license software from other companies and hire the staff to run and maintain it. Today open source software has slashed the cost of softwaredevelopment from millions of dollars to thousands. China has simply become the factory.
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