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Precisely the right question to ask! Profit vs. loss has no relevance when one is providing a public service. The relevant question is cost: capital investment
by malcolmgreaves 3y ago
Precisely the right question to ask! Profit vs. loss has no relevance when one is providing a public service. The relevant question is cost: capital investment / creation cost & operating cost.
- comte7092 3y ago> Profit vs. loss has no relevance when one is providing a public service. I beg to differ. While profit shouldn’t be the only indicator under consideration, when you are operating a state owned enterprise under a fee for service model, profit is certainly a valid metric to consider.
- chgs 3y agoCost and benefit. You could spend £10b a year providing a 12tph high speed train from Wales AK to Prudhoe Bay, but there wouldn’t be a reasonable benefit from it.