ECONOMICS
ECONOMIC GROWTH
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Question
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As a verb, to gain financially; as a noun, the economic gains of a business
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Public Sector
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Profit
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Private Sector
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Entrepreneur
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Explanation:
Detailed explanation-1: -verb. profited; profiting; profits.
Detailed explanation-2: -Understanding Economic Profit It is also known as “net income.” Accounting profit measures actual money inflows versus money outflows and is part of the required financial reporting and transparency of a company.
Detailed explanation-3: -noun. /ˈprɒfɪt/ /ˈprɑːfɪt/ [countable, uncountable] the money that you make in business or by selling things, especially after paying the costs involved.
Detailed explanation-4: -Profit describes the financial benefit realized when revenue generated from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity in question.
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