profit
Gross Profit
True
Yes profit means money that remains after a costs of running a business
Past costs can play an important role in making future cost budgets. The previous costs can help individuals budget how much money they will need for future production of similar objects.
Explicit costs!
Gross Profit
profits
True
True
Yes profit means money that remains after a costs of running a business
A profit is the money that remains after all the costs have been paid.
Please see the Related Link for a list of production costs. UK money (Pound sterling) costs around £150 to make £50 in £2 coins.
The production of money (ie. cash) Colloquially, it refers to anyone who is rich or well off.
profit
For Plato Users: production costs
Net Profit is known as the bottom line. It is how much money is earned after all costs of production, expenses, and taxes are removed.
In the field of economics, a production function is a calculation that explains the relationship between what it costs to produce goods and the actual quantity of goods you were able to produce. An example of a "hidden" production function would be money transfers at banks.