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Economic Profits
Economic profits are the total revenues of a firm minus the opportunity costs of all inputs, reflecting the additional gain over the normal profit.
Insurable Risks
Risks that meet certain criteria making them insurable, such as being definite, accidental, and potentially financially devastating to the insured.
Entrepreneur's Reward
The financial gain and intangible benefits an entrepreneur receives for taking on the risks and challenges of starting and managing a new business venture.
Profits And Losses
Financial results indicating the difference between a business's revenues and its costs over a period; profits indicate revenues exceed costs, whereas losses indicate the opposite.
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