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> the benefits of lowering costs of production are captured by increasing profit margins Or increased diversity, customisation, higher quality, more availabili
by visarga 3y ago
> the benefits of lowering costs of production are captured by increasing profit margins
Or increased diversity, customisation, higher quality, more availability, and because of competition - where it exists, cheaper products and services.
Increased capability leads to demand scaling. Making a road wider will increase traffic to match.