pull down to refresh
171 sats \ 5 replies \ @kristapsk 20 Oct \ on: Best way to save econ
"Creating your own business" is not savings, it's work.
Yes, it is work, but you are also creating value for the future of your venture.
reply
Yes, but that's not "savings". You can also create value by just being employed.
reply
The earnings for the entrepreneur is profit. You get to keep the profit you generate from your efficiently meeting the demands of consumers. Being employed by someone else earns you only wages. BTW, capital earns interest and land earns rents.
When you reinvest profits in your company, you are doing it to expand the company and earn more profits, thus saving them in the form of the company value.
reply
It is a very good argument.
reply
Thank you!
reply