Examlex
Standards that are established by society regarding what types of behavior are typical or expected are known as ____.
Corporate Profits
The surplus income of a corporation after all expenses, including salaries and taxes, have been deducted.
Income Share
The proportion of total income earned by a specific group, often used in discussions of income inequality.
Normal Profit
The minimum level of profit necessary for a company to remain competitive in the market, essentially covering opportunity costs.
Economic Profit
Profits calculated after considering both explicit costs, like materials and labor, and implicit costs, like opportunity costs, differentiating it from accounting profits.
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