• Nonameuser678@aussie.zone
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      1 year ago

      I agree with this statement but thought I’d have a go at challenging it just for fun. The nature of profits and wages is relative to whether or not a business model requires workers to make profit. For example some companies make money off of owning the result of a worker’s labor (patents, software, creative work etc) rather than their ongoing labor. So while not all profits are necessarily unpaid wages, they are still dependent on the exchange of labor.

    • keeb420@kbin.social
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      1 year ago

      Profits can go to cover capitol expenditures on your business as well. And there’s nothing wrong with that.

          • tider06@lemmy.world
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            1 year ago

            It’s an asset charged as a fixed expense, depreciated over time. It is an expense, generally property or equipment, but still is an expense, which is defined as money spent in pursuit of revenue, which is determined before profit.