ECONOMIC PROFITS Definition

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ECONOMIC PROFITS is the difference between the total revenue and the total opportunity costs.

Learn new Accounting Terms

DR, in accounting, is an acronym for Debit Record. See DEBIT RECORD.

SPECIFIC RESEARCH is a method used when gathering primary information for a market survey where targeted customers / consumers are asked very specific and in-depth questions geared toward resolving problems found through prior exploratory research.

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