Economists have a narrower definition of what constitutes profit. They are concerned with payment for all the resources that have gone into production, __5__, like those listed above, or from inside the business.
Exercise:
A what profit really means
B it is too large and represents too much of the consumer’s dollar
C whether they come from outside the business
D as the difference between total revenue and total cost
E what the business person has left after paying expenses
F what they might want
Key: DBECA