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Environmental racism is a form of discrimination against minority groups and people from poor countries who are subjected to a disproportionate share of environmental hazards and polluting industries. Utilizing examples from your textbook and personal experiences discuss this phenomenon and propose ways that it can be minimized or eliminated.
Economic Profit
The difference between the total revenue received by a business and the total costs, including both explicit and implicit costs.
Overhead
Ongoing business expenses not directly attributed to creating a product or service.
Accounting Profit
The total revenue of a business minus explicit costs, representing the monetary gain recorded in financial statements.
Economic Profit
The gap between total income and all expenses, covering both explicit and hidden costs.
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