[Vision2020] CEO Dough: 78/1 In 1978: 821/1 Now
chasuk at gmail.com
Mon Sep 25 18:10:32 PDT 2006
On 9/25/06, Ted Moffett <starbliss at gmail.com> wrote:
> I immediately thought of the Moscow Food CO-OP for a local "business" that
> does not make "profit" that provides jobs, benefits, and a humble salary for
> management, that benefits the community in many ways, and works to continue
> success, seemingly without the motivation for those involved to get "rich"
> by USA standards.
You got it right, Ted. Profit is indeed defined as the excess of
income over expenses. Those expenses include salaries. At least,
that is the accountant's definition. The economist gives you a
I love the CO-OP, though I can rarely afford to shop there.
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