Because Quote by Larry Ellison
“Lanai at one time grew 98% of the world's pineapples. But the world's pineapples are now grown in two places, Costa Rica and Panama, because no one wants to spend $45 for a pineapple from the United States.”
About This Quote
Source Interview: Larry Ellison speaking on agriculture economics, 2023
The U.S. once dominated pineapple production, but high costs shifted global supply to cheaper regions, reducing domestic relevance.
In simple terms: U.S. pineapples lost market share due to price.
Key Takeaway
Consider cost and location when evaluating product viability.
Themes
economics
global trade
agriculture
competition
Mood
analytical
reflective
Type
business
economic
observational
When to use this quote
- import decisions
- business strategy
- consumer pricing
- agricultural policy
Key Concepts
supply chain economics
price elasticity
market concentration
Questions to Reflect On
- How do price differences influence consumer loyalty?
- What strategies could revive domestic pineapple production?
A Different Perspective
Higher prices can outweigh local advantage, limiting consumer willingness to pay.
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