For example, it is unlikely that a start-up will succeed in taking on Wal-Mart (WMT) directly in the retailing business with an everyday low price strategy nor will a start-up office operating system maker make much headway against Microsoft (MSFT).
As emerging economies push the prices of commodities up and those of manufactured goods down, consumer-price inflation is no longer a reflection of domestic monetary conditions, nor is low inflation a guarantor of economic stability.