Business is the organization which accumulates labor and capital in such a way that some product or service is created that can be exchanged either for other such productions or an intermediary (such as money or credit).
Labor refers to human capital that is "put to work."
Labor
Without labor, a business cannot run.
moarginal product of labor
Profit is what you made after the costs of material for a product or labor for a service. Could be you sold a product or service. Profitability is what you could make. Is that there is a need that needs to be filled or replaced and you can make money doing it.The difference is very important when your planning out location of business, target market, labor any expenses that go into the product or service Or even what your company wants to provide.A business that is not making profit will eventually run out of money and go out of business.
in business
Labor
Without labor, a business cannot run.
difference between labor law and social legislation
Labor law specifically deals with regulations related to employment, such as wages, working conditions, and employee rights. Social legislation, on the other hand, encompasses a broader range of laws that aim to protect and support individuals' social welfare, such as healthcare, social security, and education. Labor law is a subset of social legislation, focusing on the rights and obligations of workers and employers.
difference micro business
what is the difference between slave labor and free labor
Abraham Lincoln thought the difference was only that wage labor was temporary and slavery was permanent.
moarginal product of labor
what is the difference between bachelor of science in business administration and bachelor of business administration.
Craft is building something labor is working on something.
nothing
What is the difference between a self service and a self selection