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This video teaches the concept of Profit. Profit is income received for entrepreneurial skills or risk taking and is calculated by subtracting a firm’s costs of producing a good or service from the revenues received from selling the good or service.
This video teaches the concept of Profit. Profit is income received for entrepreneurial skills or risk taking and is calculated by subtracting a firm’s costs of producing a good or service from the revenues received from selling the good or service.