Video Description:
This video is a brief summary defining basic social studies vocabulary. This video quickly covers the difference between profit and revenue. It breaks down the words income and expenses and tells you how to calculate your profit.
It is not meant to be a comprehensive explanation because it is designed for kids. Due to that, I try to keep all videos under five minutes. Combining this video with others is the best way to get an in depth understanding. I have several playlists that organize videos into a more comprehensive course-like structure.
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