Examlex
An economy is
Fixed Costs
Regular outgoings that stay the same whether production or sales rates increase or decrease, for instance, rental costs or salary payments.
Net Income
This refers to the total profit of a company after all expenses and taxes have been deducted from total revenue.
Variable Cost
Costs that vary in proportion to the volume of goods or services produced, such as materials and labor.
Fixed Costs
Definition: Business expenses that remain the same regardless of the level of production or sales.
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