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That's not actual growth though, that's just measuring the same business in a different unit worth 0.97 of the old unit. The business can be the same size.
by trumpdong 5mo ago
That's not actual growth though, that's just measuring the same business in a different unit worth 0.97 of the old unit. The business can be the same size.
- quickthrowman 5mo agoThe question asked was “Why is it bad to earn a constant (in nominal terms) profit rather than an increasing profit.” The size of the business is irrelevant to this question. I answered the question, the short answer is ‘inflation’. When responding to a question, I choose to answer the question the person asked instead of another question they didn’t ask.
- trumpdong 5mo agoThey didn't say "(in nominal terms)" and businesses are expected to grow in real terms.
- deleted 5mo ago[deleted]