To the economically illiterate, if some company makes a...

To the economically illiterate, if some company makes a million dollars in profit, this means that their products cost a million dollars more than they would have without profits. It never occurs to such people that these products might cost several million dollars more without the incentives to be efficient created by the prospect of profits.

Thomas Sowell Quote About Mean, People, Dollars: To The Economically Illiterate If...
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