ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
GLOBALIZATION AND ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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money left over after all the expenses of running a business have been deducted from the income.
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elastic
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profit
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equilibrium
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capitalism
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Explanation:
Detailed explanation-1: -Net profit (also called net income or net earnings) is the value that remains after all expenses, including interest and taxes, have been deducted from revenue.
Detailed explanation-2: -Net income, or net profit, is what a business has left after subtracting all of its expenses from revenue. Net income is commonly referred to as the bottom line, because it’s the last line of an income statement.
Detailed explanation-3: -Profit is generally understood to refer to the cash that is left over after accounting for expenses.
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