4 ms·

wait, so there's no profit in capitalism?

• erellsworth 3y ago
  In a perfectly competitive market, yes, profits go to zero. https://www.investopedia.com/ask/answers/031815/why-are-there-no-profits-perfectly-competitive-market.asp https://www.investopedia.com/ask/answers/031815/why-are-ther... But there's no such thing as a perfectly competitive market.
  • charcircuit 3y ago
    Why would someone bother selling something if there was no profit to be made?
    • pjmorris 3y ago
      One example: A farmer might choose to sell his produce at cost so it won't rot, so he can pay his bills and so the surrounding population can eat. A profit would be nice, but there's more to it than profit, e.g. paying the bills and social stability.
    • cy_hauser 3y ago
      To spin the wheels. People still get paid and the economy keeps humming along. No profit doesn't mean people aren't making money, just that the company isn't making excess money.
      • deleted 3y ago
        [deleted]
    • jmopp 3y ago
      "Oh, what am I to do with all this wheat that grew on my field?"