Explain Like I'm Five

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What does it actually mean when they say "record profits?" (lemmy.world)

submitted 1 year ago by [email protected] to c/[email protected]

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Obviously people are being price gouged, but just saying "record profits" without really being able to explain it feels like I'm just repeating what I've heard people say and not speaking on an informed level. What does it actually mean? Like before or after production and transportation costs? Before or after taxes? Raw product yeild? Something else?

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[–] [email protected] 1 points 1 year ago