Economic growth also comes from getting more for less.
A company can increase their profits by growing and increasing both what they spend and what they earn. But a company can also increase their profits by reducing what they spend without decreasing what they earn. Almost all companies are constantly trying to do this.
A company can increase their profits by growing and increasing both what they spend and what they earn. But a company can also increase their profits by reducing what they spend without decreasing what they earn. Almost all companies are constantly trying to do this.