alt Hacker NewsNo profits == no business. Profits in very competitive markets might be low, but you still need them to survive. Walmart is under 6% of profit, but due to the enormous revenue it is still a lot.
No profits == no business. Profits in very competitive markets might be low, but you still need them to survive. Walmart is under 6% of profit, but due to the enormous revenue it is still a lot.
That’s not the question, it’s where do profits come from in the economic equation? What part of the value chain is adding but not subtracting its full cut?