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Lib Dems prove once again they are not fit to govern
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Originally posted by sasguru View PostInteresting you should mention Rolls Royce in the context of this discussion.
You do realise that one of their key products, the Trent jet engine, is only in existence today because of government handouts?
But I'm sure you and your fellow moron, Robby the fool, will ignore this piece of evidence that non-free-market intervention is a good thing sometimesLast edited by DodgyAgent; 3 September 2012, 14:49.Let us not forget EU open doors immigration benefits IT contractors more than anyoneComment
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Originally posted by Robinho View PostIdeally if we had a static money supply and market set interest rates then the real test of whether something is profitable or not could be measured by comparing how much you'd get if you simply liquidated the branch and stuck the money in the bank (another bank) and took the interest. If you get more by liquidating and creaming the interest, it suggests that the whatever is an inefficient way to utilise the finite resources of the country.
Sadly we don't have those 2 things so it's anyone's guess really.While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'Comment
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Originally posted by DodgyAgent View PostJust because one branch of a bank closed?While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'Comment
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Originally posted by doodab View PostDid you read the original post or are you simply butting in without any idea what is going on like you usually do?Let us not forget EU open doors immigration benefits IT contractors more than anyoneComment
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Originally posted by doodab View PostEr, no. That isn't what "profitable" means either. Good luck with that economics GCSE. An "E" is still a passOriginally posted by wikipediaIn neoclassical microeconomic theory, the term profit has two related but distinct meanings. Normal profit represents the total opportunity costs (both explicit and implicit) of a venture to an investor, whilst economic profit (also abnormal, pure, supernormal or excess profit, as the case may be monopoly or oligopoly profit) is, at least in the neoclassical microeconomic theory which dominates modern economics, the difference between a firm's total revenue and all costs (including normal profit).[1] A related concept, sometimes considered synonymous in certain contexts, is that of economic rent.Comment
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Originally posted by DodgyAgent View PostYou mean the post about Nick Clegg or some meaningless irrelevant non point made by you somewhere in the thread?While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'Comment
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Originally posted by Robinho View PostWhile you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'Comment
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Originally posted by doodab View PostThat's a definition of "normal profit" which is a technical term that has no bearing on what what "profitable" or "unprofitable" means, but well done for figuring out how to use google by yourself.
If there are different types of profit then the word profitable and unprofitable can apply to them all.
It's all irrelevant though, i don't claim to know all the terminology. What i have stated so far is completely logically though and the fact that you can only argue about semantics that you don't even know yourself speaks volumes.Comment
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Originally posted by Robinho View PostYou were the one who started getting arsey about the definition of profitable. Maybe you were the one who should have googled it and not me.
If there are different types of profit then the word profitable and unprofitable can apply to them all.
It's all irrelevant though, i don't claim to know all the terminology. What i have stated so far is completely logically though and the fact that you can only argue about semantics that you don't even know yourself speaks volumes.
Originally posted by The same article you quoted but failed to actually readProfit is not synonymous with the concepts of profitability and the profit motive.While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'Comment
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