In economics,the total amount received for selling a good or service is referred to as
A)revenue.
B)profit.
C)capital gains.
D)factor payments.

Question

Quizplus · Accepted Answer

Revenue is defined as the total amount of money received from the sales of goods or services. Profit, on the other hand, is the difference between revenue and total costs. Capital gains refer to the increase in the value of an asset, and factor payments refer to the payments made to inputs such as labor, land, or capital.

In Economics,the Total Amount Received for Selling a Good or Service