Putting profits in perspective
High corporate profits can result in market concentration, indicating decreased competition in various sectors. However, it would be incorrect to conclude that weakening competition is driving these economic trends. There are several swiftly changing sectoral dynamics involved, write James Manyika and Laura Tyson in Project Syndicate.
High corporate profits can result in market concentration, indicating decreased competition in various sectors. However, it would be incorrect to conclude that weakening competition is driving these economic trends. There are several swiftly changing sectoral dynamics involved, write James Manyika and Laura Tyson in Project Syndicate.
Source: McKinsey

Putting profits in perspective