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Define the term. (i) Profits (ii) …

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Define the term. (i) Profits (ii) Firm (iii) Capital (iv) unemployment rate

Posted by Vishesh Agrawal 3 years, 5 months ago

CBSE > Class 12 > Economics

3 answers

Deepanshu Jha 3 years, 5 months ago

Profit refer to difference between. revenue and expenses Firm refers to any industry which do the production activities Capital refer to investment any asset Unemployment rate is the rate of working population which is unemployed

1Thank You

Charchit Garg 3 years, 5 months ago

A company made by a person is known as firm

0Thank You

Charchit Garg 3 years, 5 months ago

Profit is the award of bearing risk

0Thank You

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