Grade 6-8, 9-12
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Profit Video and Quiz

Updated: July 12 2012,
Author: barrel fan
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Standards

State Standards

Concepts

Business Costs and Revenues, Entrepreneurs, Market Structure, Markets and Prices, Producers, Profit
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This video teaches the concept of Profit. Profit is income received for entrepreneurial skills or risk taking and is calculated by subtracting a firm’s costs of producing a good or service from the revenues received from selling the good or service.

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