reinvestment

But this lack of reinvestment is, in fact, very dangerous.

It's this reinvestment of profits back into the company's infrastructure that Amazon's probably best known for with analysts.

I've learnt cash management, and the way of keeping money so we save for reinvestment.

This is a huge reinvestment in communities, while we still stay safe as a city. I'm very comfortable we struck the right balance.

With this reinvestment of growth back into their infrastructure, Amazon saw returns on efficiency and cost, which fed the flywheel through the enablement of lower prices for customers.

So how we can get these new conditions around reinvestment to collectively invest in new types of value directed at some of the biggest challenges of our time, like climate change?

Unlike classic crony capitalism where the extraction of rents is paramount, Reliance's huge level of reinvestment mean its return on capital is modest: below 10% every year for the past decade.

With reinvestment and growth factors accounted for, including the CHOAM percentage and military costs, our profit margin will be reduced to a very narrow six or seven per cent until we can replace worn-out equipment.