• intensely_human@lemm.ee
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    1 year ago

    Because it’s not actual business taking place. Profit is when you produce more value than you consumed, as evidenced by people being willing to pay your price for the goods or services you’re offering.

    Government doesn’t willingly buy things in the same way as a consumer or other private entity. It is compelled to by law, and instead of computing actual value in its purchases it seeks minimum cost for a set level of service.

    • HikingVet@lemmy.ca
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      1 year ago

      That isn’t an explanation on how companies who provide products and services to the government aren’t for profit.

      I’ve worked for companies that had government contracts. They are for profit and it isn’t grants.

      I don’t know it works in your mind but in the real world you can actually make good money (and profit) with gov. contracts.