Revenues can be augmented by merger and
consolidation (Veblen, 1904: 240-244, 1923: 337).
Merger and consolidation, while they eliminate some
producers, do increase profitability and revenues as they
increase prices and cut costs as a result of eliminating
duplicated economic activities. Many redundant costly
operations are eliminated and most likely during mergers
firms can augment their market oligopolistic and
monopolistic power by charging higher prices for their
products. Thus, profits are increasing.
Globalization increases revenues by finding markets for
products and services. Veblen (1923: 287) points out that
imperialism enlarges markets for domestic products by
establishing a system of colonies. In other words,
colonies represent increases in demand curves for
products, which will increase revenues. Various important
economic resources are obtained from these colonies
which actually create a self-contained Imperial State.
Veblen (1915: 184) explains: