Monopolists ensures that they produce goods at the lowest possible cost so that no potential competitors can come in to compete with them.
In order to produce at the lowest possible costs, owners cut wages, retain profits and increase working hours. With that they attain efficiency.
Optimal Efficiency is only obtained when moral values are at it's lowest, which means owners start treating staff as machines and squeeze every drop of effort they can from the dollar they give out.
So people, now if you are wondering why nice people keeps getting the shit or attitude or things they don't deserve. It is simply because of this proven fact in economics. So start being ruthless and stop being nice.
In order to produce at the lowest possible costs, owners cut wages, retain profits and increase working hours. With that they attain efficiency.
Optimal Efficiency is only obtained when moral values are at it's lowest, which means owners start treating staff as machines and squeeze every drop of effort they can from the dollar they give out.
So people, now if you are wondering why nice people keeps getting the shit or attitude or things they don't deserve. It is simply because of this proven fact in economics. So start being ruthless and stop being nice.
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