Fewer people have 100 ships so there’s less competition, but here’s the weird part: The market doesn’t grow proportionally, so not only does the spread of this new invention require the capitalist invest more to remain competitive, it decreases the profit they get per dollar invested.
Fewer people have 100 ships so there’s less competition, but here’s the weird part: The market doesn’t grow proportionally, so not only does the spread of this new invention require the capitalist invest more to remain competitive, it decreases the profit they get per dollar invested.