economic profit

What is economic profit and how to calculate economic profit post image

What is Economic Profit and How to Calculate Economic Profit

Terms related to finance will always sound strange to people whose field of study is not related to finance. One of the most popularly confusing finance terms is the meaning of economic profit.

 The most valuable commodity to a business organization is the profit they make from every transaction. Profit is simply the unit …

what are the 3 economic questions that must be answered post image

What are the 3 economic questions that must be answered?

For a society to be able to define itself as successful when it comes to how they take care of their people, financially, it should be able to answer the three basic economic questions. The answers to these key economic questions will serve as proof that society is doing its duty in ensuring that the …