An entrepreneur earns profits in the situation of "having greater income than costs." This means that the revenue generated from the business exceeds the expenses incurred, resulting in profit.
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Question
In which situation does an entrepreneur earn profits?
(1 point)
Responses
matching income to losses
matching income to losses
experiencing more losses than income
experiencing more losses than income
taking a loan to cover losses
taking a loan to cover losses
having greater income than costs
having greater income than costs
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