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    Should businesses profit from war?

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    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
    https://brainmass.com/economics/microeconomics/should-businesses-profit-war-322927

    Solution Preview

    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 ...

    Solution Summary

    The expert examines if businesses should profit from war. Economic principles are determined.

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