INVENTORY PROFITS Definition

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INVENTORY PROFITS is a capital-gains-like element in profits. It results from an increase in inventory prices.

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ECONOMIC VALUE (EV) is the value of an asset deriving from its ability to generate income.

EXPROPRIATION is the taking of property or rights by governmental authority such as eminent domain, possibly including an emergency situation, such as taking a persons truck or bulldozer to build a levee during a flood. In such a case just compensation eventually must be paid to the owner, who can make a claim against the taker.

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