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The problem with arguments that commit the fallacy of equivocation is that:
Entrepreneur's Talent
The unique set of skills, creativity, and determination that an entrepreneur brings to identifying opportunities and building a business.
Implicit Costs
Implicit costs refer to the opportunity costs of using resources that a company already owns, without any direct payment, for its own production purposes.
Explicit Costs
Direct, out-of-pocket payments for wages, rent, materials, and other inputs required for the production of goods or services.
Total Cost
The total amount of money spent on creating goods or services, encompassing both constant and fluctuating expenses.
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