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>>That's not true. Businesses sell things at a loss all the time because that price still generates the most revenue This is completely ignorant of basic busin
by CryptoPunk 6y ago
>>That's not true. Businesses sell things at a loss all the time because that price still generates the most revenue
This is completely ignorant of basic business operations.
Revenue that is less than expenses means the company runs out of money. Companies need profit. Revenue only helps insofar as it contributes to profit.
>>Also, free market forces are useful tools, not scripture. They are not 'good' in themselves; like you and me, they are good when they do good.
Free market forces maximize investment, with it, productivity/wage growth, so they are in fact good.
I recommend you study some Economics because there is very good evidence for all of this.