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Cost and revenue are the two most important terms in business economics. The target of every business is to minimize the cost and maximize the revenue so Government revenue is crucial for the economic stability and growth of a country. It enables the government to invest in public goods and services that contribute to the quality of life and the well-being of its
revenue, in economics, the income that a firm receives from the sale of a good or service to its customers.. Technically, revenue is calculated by multiplying the price (p) of the good by the quantity produced and Total revenue (TR) = price per unit multiplied by quantity sold. Total revenue is the total amount of money that a company brings in from the sale of its products or services. It's calculated by multiplying the
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