Profit and Capitalism

Profit is made when you sell something for more than it cost you to make. Many people say CEO of a company or a billionaire would benefit most from the cooperative profit. However, many economists don’t necessarily agree with it. It races the fact 1% of the population makes 11% of the wealth in Canada. The 1% earns the most money in the world and makes the most of the money in Canada. An economist Stephen Gordon says labour and capital makes profit. For an example for his statement, he told a story of Dan and his company for breast cancer: Dan and his company held a big international bike ride for breast cancer. He didn’t use the entire donation for only breast cancer campaign; he earned a lot of money not only for the charity but also for himself. Many economists think that profit is a reward for innovation which takes a risk and efficiency. Many business men and people want to live in a capitalist system than in a command market system, and that makes the economy goes around.

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