Profit is good
From CroziervisionWiki
| Author: Patrick Crozier |
| Permalink |
Profit is good because, as Andy Wood says:
It's only possible to make a profit if your customers are willing to pay more for your product than what it costs to produce.
In other words the outputs are worth more than the inputs. In other words you've created wealth. So long, that is, as you haven't created any externalities, that is imposed costs on others, like pollution for instance.
[edit]
Q&A
And, if you have created some negative externalities?
[edit]
Comments
If you would like to comment on this article I suggest you make it here rather than attempting to use the Talk/Discussion page. I have recently received a large amount of Wiki spam and the only effective way of preventing it is to prevent the unmoderated creation of new accounts without which the page is uneditable (unless your name is Kieran or Jax).
