| 1234567891011121314151617181920 |
- Related: interest, rent, usury
- profit = price - cost
- profit = 1/properly
- Surplus is not Profit. Profit occurs iff surplus is sold for price above cost.
- Profit is the difference between the price consumer finally pays and the costs the owners already paid, plus any depreciation and so forth.
- Profit measures the payer's dependence upon property owners.
- Profit measures the payer's lack of properly.
- Profit usually separates from wages when property has multiple owners because the owners that do not work there will not want to pay wages higher than market price.
- But when property has few owners, they can collude to claim all incoming payments are wages.
- For example, a solitary owner can hire as many workers as he likes and then just claim all profit as his own wage.
|
