Profit: -Is to make more money than what was spent
Non-Profit: -Is when you don't make enough money to pay the money you spent
Not for profit: -Is to able make profit but choose not too
What's the difference between non-profit and not-for-profit?
-Non-profit is when you are able to make profit but you don't choose too. For an example if your business was for charity all the money would go to the charity
What is the connection between profit, costs, and expenses?
- anything cost more than expense is profit. For an example if i buy something for 3 dollars i can sell it for 5 dollars so i made a profit of 2 dollars.
What are the positive and negative ethical, moral and legal considerations when considering alternative energy sources over oil?
-the postive about ethical is that minimal harm to humans, animals and the natural environment.
Name and describe a game that simulates an economic system by trading in virtual goods?
- http://www.123-games.net/online/business-games
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