Concept, types of production costs and production costs

A necessary condition for ensuring the production and economic activities of the enterprise is the use of economic resources, including fixed and working capital, industrial and production personnel. The costs of acquiring resources, expressed in monetary form, are called production costs. A distinction is made between one-time and ongoing costs. One-time costs in the enterprise […]

Calculation of total profit by industry

The logic of calculating total profit is similar to the logic of calculating total labor costs. Based on (6.5) we can write: . Substituting the numerical values from Table 6.7 we get: From the point of view of profit, the import of agricultural products is not as profitable as the import of industrial products, since […]