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Before 1815, two revolutions had taken place in Europe: a political one associated with the French revolution and the Napoleonic empire and an economic one-the Industrial Revolution. These two revolutions were:
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The cumulative revenue derived from selling goods or offering services that are central to the business's main activities.
Net Income
The profit a company holds onto after removing expenses and taxes from its earned revenue.
Operating Revenues
Income earned from a company's main business activities or operations, excluding non-operating revenue like interest or sale of assets.
Operating Expenses
Regular costs incurred in the process of running a business, such as rent, utilities, and payroll, that do not include the cost of goods sold.
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