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Profit
The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.
Joint Ventures
A commercial enterprise undertaken jointly by two or more parties that otherwise retain their distinct identities.
Taxed
Subject to a compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization.
Formal Agreement
A legally binding contract or document established between two or more parties, outlining specific terms and conditions that are enforceable by law.
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