how is it that in times of crisis major businesses will go bankrupt within months? Do they have no savings or what?
In: Economics
Jumping on the general bandwagon with.. a lot of people think that because someone or a company makes a lot of money that they’re loaded.
That’s usually not true. A company may make a million a month, but they might also be spending a million a month, which flattens out to zero.
Or they make a million a month, but then spend 12 million or 24 million on something.. which requires 12/24 months of steady income at a million.
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