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Concept and Theory of Profit
SUBJECT : Managerial Economics
PUBLISHED ON : 13/03/14
NUMBER OF PAGES : ( 11 Pages)
PRICE : Rs 8.25

In Economic Theory, profits are payments for the work of the entrepreneur, as he is a factor of production like other factors. But this concept of profit has become a vexed and mixed one. Though profit is an income for the entrepreneur for his work. he is getting the income called profits.

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