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Profits
“The element of uncertainty introduces a fourth category of sacrifice in the productive activities of man in a dynamic world. This category is risk-taking or uncertainty bearing. It is remunerated by Profit.”
Profit = Gross Profit – (Rent + Wages + Interest)
About the Above Author
J. K. Mehta was born to K. M. Mehta in Rajnandgaon in 1901. He completed his graduation from Moir Central College and attended University of Allahabad for post-graduation studies.
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