Entrepreneurs (as well as other sellers) earn profits when the revenues they receive from selling the products they sell are greater than the costs of production.
Standard detail
3.
Benchmark
Depth 1Parent ID: 611F0EB0248A4470A68DF45BF128A29AStandard set: Grades 5, 6, 7, 8
Original statement
Quick facts
- Statement code
- 3.
- List ID
- 3.
- Standard ID
- A00793E241E54600AF659C6E1E1A6E14
- ASN identifier
- S2604810
- Subject
- Economics
- Grades
- 05, 06, 07, 08
- Ancestor IDs
- 611F0EB0248A4470A68DF45BF128A29A
- Source document
- Voluntary National Content Standards in Economics (2010)
- License
- CC BY 3.0 US