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3.6.3 Definition of revenue

Topic 3.6.3 - Definition of revenue For this section of the Cambridge IGCSE Economics (0455) syllabus, students are expected to be able to provide definitions of 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...

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