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3.7.3 - Definition of revenue

Unit 3.7.3 - Definition of revenueFor this section of the Cambridge IGCSE Economics (0455) syllabus, students are expected to be able to define total revenue (TR) and average revenue (AR).Note: knowledge of marginal revenue is not required in this course.Revenue refers to the money coming into a business from the sale of goods and services. The two categories of revenues in the syllabus are total revenue and average...

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