Edited on Sun Jul-13-08 09:04 PM by QuestionAll
when you sell an item for less than you paid to produce it- you get profit.
it REALLY IS as simple as that.
btw- i never said that i took any finance classes- i said that YOU should probably take some, seeing as you can't figure out that your scenario in no way represents the real world and can't seem to figure out how profit is generated.
it's not something that i was ever interested in taking classes in.
and btw- governments issue currency, NOT the 'ownership classes'. and the money supply is not static- it can go up or down, depending on whatever the current government policies are. and the values of different currencies against each other also goes up and down. none of that is accounted for/represented in your unrealistic and over-simplistic 2-owner 20-worker scenario.
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