Accounting Profit vs. Economic Profit Explained in 60 Seconds!

Описание: Ever wondered why some firms look profitable on paper but aren’t truly earning profit?
This short video clearly explains the difference between accounting profit and economic profit using simple logic and real-life examples.

✔ Accounting Profit = Revenue – Explicit Costs (money spent)
✔ Economic Profit = Revenue – (Explicit + Implicit Costs) (including opportunity cost!)

Perfect for:
IGCSE Economics | CBSE | ISC | ICSE Class 10 | A-Level | AP Microeconomics | UPSC & Competitive Exams | Commerce Students

📚 What You’ll Learn
Meaning of Accounting Profit
Meaning of Economic Profit
Explicit vs Implicit Costs
Why economic profit matters for business decisions

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