Word: profiteered
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Dates: during 1970-1979
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...would anyone be allowed to make profits at the expense of others? Someone who produces a product creates a value. He has combined various inputs and created a more valuable output. The extra value is his because he created it and his profit is payment for this value. His profit does not mean he is appropriating a bigger share of available wealth, it means he is increasing total wealth and his profit is the amount he increased it by. He doesn't make this profit at the expense of others, he creates the value of the profit by producing...
...sales to members did not reach the 50 per cent minimum, the Coop will have to pay state taxes on its entire profit...
Davis said that while the society's sales volume increased this year, its expenses did not. This resulted in a larger profit than last year and made the increased rebate possible. The Coop returned $610,000 to its members...
...industry spokesmen contend that they need high profits to finance expansion of exploration and production, and Sawhill agrees-but others emphatically do not. Pickets appeared last week at Gulfs annual stockholders' meeting with signs denouncing the profit rise, as well as Gulf involvement in Portugal's African territories (see THE WORLD). The House Commerce Committee last week voted to roll back domestic crude prices, and the Ways and Means Committee is working on a bill that would tax away "excess" profits that are not quickly spent to increase supply. The tax bill also would raise oil company taxes...
NONFICTION 1-Plain Speaking: An Oral Biography of Harry S. Truman, Miller (1) 2-You Can Profit from a Monetary Crisis, Browne (2) 3-Times to Remember, Kennedy (3) 4-Management, Drucker (4) 5-Working, Terkel (9) 6-How to Be Your Own Best Friend, Newman & Berkowitz (5) 7-Thomas Jefferson, An Intimate History, Brodie 8-Alistair Cooke's America, Cooke (8) 9-Alive: The Story of the Andes Survivors, Read 10-The Secret Life of Plants, Tompkins & Bird...