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whats an economic system?
This kids is the capital building where we represent our economy system and freedom
Whats the difference between communism and socialism?
a system that produces goods and services in an area. for an example communist Cuba where everything is equal and owned by the government
socialism starts with an s
no socialism has a community that owns business where communism the government owns it and can limit profit, cost of goods
whats the difference between gross and net profit?
gross profit is the sales income minus the goods sold. Net profit is the total money made without the operating expenses subtracted
I hope you learned lots about big business
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