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re: The people of Britain are freaking out about a 10 pound charge to visit doctor
Posted on 7/5/14 at 5:42 pm to genuineLSUtiger
Posted on 7/5/14 at 5:42 pm to genuineLSUtiger
Profit is the result of a mutually beneficial exchange.
2
Posted on 7/5/14 at 5:45 pm to HailHailtoMichigan!
Nice. Did you just dig that out of your Econ 101 textbook?
Posted on 7/5/14 at 5:51 pm to HailHailtoMichigan!
quote:
Profit is the result of a mutually beneficial exchange.
No it's not. Profit is the result between the cost of providing a good or service and the difference between what you sell it for. Mutually beneficial exchange is not profit.
If you get more for something than it costs you that is profit.
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