Re:Technology Is Deflationary and This Shouldn't Be Controve...
by rhelz on Monday October 30, 2023 @02:27PM
(#38073596)
Can you clarify? Seems like if a company is making accounting profit, that would ipso facto, in a free market, represent an opportunity for another company to come in, under bid them, and take some of that profit for themselves....and so on until there's none left to take.
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Re:Technology Is Deflationary and This Shouldn't Be Controve...
by josephcsible on Monday October 30, 2023 @11:58PM
(#38080107)
There are implicit costs that aren't included when calculating accounting profit. See also https://en.wikipedia.org/wiki/Profit_(economics) and https://en.wikipedia.org/wiki/Implicit_cost