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Profits = revenues - expenses
economic profits in a industry suggest the industry
greater then economic profits,as accounting profits do not include implicit costs
what is the difference between reasonable profits and economic profits
The economic function of profits and losses is to determine the performance of a company. This is what will contribute to the overall measure of the economy in a region.
To maximise on profits and market gap
cvp is the analysis that deals with how profits and cost change with a change in volume
Capitalism :)
Peak performance.
Yes
yes it is
Capitalism