/biz/ - Business & Finance

>>17507495
If Group B can make a widget using less labor than Group A, then yes, Group B's widgets will be cheaper, and they'll be able to sell them in the market at a lower price than Group A. This honestly seems self-evident. And because Group B will be more successful, the price of the widget will go down, and other businesses will either adopt to Group B's more efficient methods or perish. This is why the value of commodities goes down and the rate of profit falls.
>>17507562
>higher quality
define this. It seems subjective and meaningless to me.