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Discuss the dark side of representative democracy in terms of principal-agent problems.
Net Income
The total profit of a company after all expenses, including taxes and operating expenses, are subtracted from total revenue.
Break-Even Point
The point at which the amount produced or sold results in total income matching total costs, leading to neither a profit nor a loss.
Net Loss
The amount by which expenses exceed revenues over a specific period, indicating a negative financial performance.
Target Profits
The specific amount of net income a company aims to achieve within a certain time frame.
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