Hacker News new | ask | show | jobs
by bit48 3198 days ago
Higher profits aren't always due to increases in productivity. Profits can grow due to decreases in the price of raw materials (e.g. oil), decrease in competition (e.g. due to an aquisition or a bankruptcy of a competitor), relaxation of regulation (e.g due to lobbying), and a variety of other chnges in the market.