Why factory/manufacture business tend to make a lot of profits?

1 Answer

Answer :

answer:What you are asking for is an economics lesson. The first thing to understand is the relationship between supply and demand. In your case, people want furniture, oil and coal much more than they want music. There are a few musicians who are desired the world over, and they can make a lot of money. But most musicians are a dime a dozen—too many chasing too few dollars. In any case, the best way to make money is to provide a quality product that people really want. If you provide good music that people are fighting to listen to, you will make a lot of money, too. You’ll have to be really special, though. In business, you also have to be special, but it isn’t as hard to create demand for you product. People need energy and they need beds to lie in. You don’t have to create that demand. All you have to do is convince people to buy your stuff, either because it is of unparalleled quality or because it is dirt cheap. In either case, consumers will feel they are getting good value for their money. If you want to make money, it’s best to go into business. If you want to feed your soul, go into music, but don’t expect the money to follow you.

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