Document Type

Article

Publication Date

November 2012

Abstract

Basically, profit is revenue minus costs. It sounds simple, but the concepts of “revenue” and “cost” are complex when we examine them closely.

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Unless otherwise noted, and with the exception of John Stossel's "Give Me a Break!" columns, all works published on FEE.org and FEE.org/freeman are published under a Creative Commons Attribution International License 4.0. Feel free to share and copy as long as you credit FEE as the source.
This article was originally published in The Freeman Vol. 62, Iss. 9 by the Foundation for Economic Education on November 2012. The article is also available online at this link.

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This work is licensed under a Creative Commons Attribution 4.0 License.

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