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Thread: Economy

  1. #1
    Ane4ka is offline Newbie
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    Default Economy

    Hello!Сould you help me, please? What the difference between words "profit" and "income"?

  2. #2
    Gillnetter is offline Key Member
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    Default Re: Economy

    Quote Originally Posted by Ane4ka View Post
    Hello!Сould you help me, please? What the difference between words "profit" and "income"?
    Have you looked at a dictionary for the meanings? If so, and you still are having problems understanding the difference - "income" is money that a person, company, or, organization makes; money which comes in. "profit" is that amount of money which is left after all expenses are paid. For example say that a company sells a bottle of vanilla. The company has an income of $11.00 from the sale of the vanilla. The vanilla costs the company $3.00. From the income ($11.00), the company makes a gross profit of $8.00.

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    Ane4ka is offline Newbie
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    Default Re: Economy

    Thank you!

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