During the process of indebtedness the expenses of the individual systematically exceed their income in the long run. In cases of loans: the partner using the production loan cannot increase their production profit sufficently enough to pay the interests of the loan so repaying the loan solely from production profit is not resolved.
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Be the first to comment!Know-how finance means financing the accumilation of business secrets based on experience or knowledge from research and development (a.k.a know-how)
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Be the first to comment!According to the Marxist theory superprofit is the surplus profit above average profit. The economic literature describes it as a surplus profit that was gained above capital gains in a perfect competition. It's nature is temporary since it is the result of special circumstances. Others think that the term is nonsensical since a capitalist always pursues as much profit as possible.
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Be the first to comment!Know-how is a term for practical knowledge on how to accomplish something.
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