The Difference Between an Organization's Revenues and Its Costs in a Given

question 39

Short Answer

The difference between an organization's revenues and its costs in a given period of time is referred to a(an) ___________ profit.

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Definitions:

Saving

The process of setting aside a portion of current income for future use or for investment.

Investment

The distribution of assets, typically financial, with the aim of earning revenue or gains.

Private Saving

The portion of households' disposable incomes that is not spent on consumption but saved for future use.

Closed Economy

An economic system that does not interact with other economies in terms of trade, investment, or capital flow.