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> Would it be fair to say that any product with consumables that are proprietary to the vendor, is a subscription?

Seems reasonable at least as a first approximation / coarse rule of thumb.

Economists specialised in the area may refine it further, but for the layman it serves like the Newtonian approximation to physics, i.e. quite good enough for everyday usage -- I don't move at relativistic speeds all that often.



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