Should businesses profit from war? Defend your answer with economic principles and the reasons why.© BrainMass Inc. brainmass.com October 10, 2019, 1:09 am ad1c9bdddf
Let us first differentiate accounting profit and economic profit.
Accounting profit means revenue - cost. Economic profit is accounting profit - opportunity cost.
If you operate a store and your revenue is 8000/month, your cost is 3000/month. Your accounting profit would be 5000. But let's say that you can also work for as a teacher in a local school and your ...
The expert examines if businesses should profit from war. Economic principles are determined.