Source: SOUTHERN FARM NETWORK, 11/9/20

Mary:  I’m Mary Walden, with economist MW, welcoming you to the economic perspective.  Today’s program tasks, how big are profits. Mike, many people have a negative view of the concept of business profits.  Sometimes they think it is payment to the business for doing nothing, or that the only thing profits do is raise prices.  Is there a logical reason for profits?

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