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Read MoreContent Gross Margin Formula A quick primer on gross margin. Example of Gross Profit, Gross Profit Margin and Gross Margin What is the difference between gross profit and net profit? Resources Recommended Articles You calculate it by dividing the gross profit by the revenue. Fixed CostsFixed Cost refers to the cost or expense that is not affected by any decrease or increase in the number of units produced or sold over a short-term horizon. It is the Difference Between Gross...
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Read MoreContentLabor As a FactorLabor as a Factor of ProductionWhat is the Relationship Between the Factors of Production and Economic Growth? National Income Land is a passive factor whereas labour is an active factor of production. Actually, it is labour which in cooperation with land makes production possible. What is the most important in the 4 factors of production? Land is generally considered one of the most important factors of production. Certain industries rely on land more than others. With the help...
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