Yes. The purpose of business is to provide its service to people who desire that service. And "profit" is the measurement by which it is determined whether that business is succeeding in doing so..[/quote]
Profit measures how much money the company makes. It does not measure quality of service nor does it measure the worth of the service. It is a picture that might not reflect to totality of the situation. Profit is not a bad word. I am a believer in the necessity of profit motive. What I am saying is that a business' ability to generate profit does not mean the business is not causing harm. Viewing level of profit as the only good and reasonable measure of positivity is a huge mistake. It is a simple answer that relieves people of burden of thinking.
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Quote by: BobbyO  As per the 50s: The economy was indeed more heavily regulated, in certain aspects anyhow, than today. And the United States endured three recessions. |
Recessions, not depressions. More stability, as I said.