Accountants only concern themselves with direct costs which involve things like the cost of materials, rent, and labor for instance. This profit is aptly named "accounting profit".
Economists consider those costs as well, but they also include indirect costs such as opportunity costs of other investments. Recall that opportunity cost is the cost of what you give up if you make a certain decision.
For instance, if a car factory makes 4 door sedans, but it could be making more money with SUVs, then the opportunity cost is high and the economic profit is lower compared to the accounting profit.
<span>The correct answer is
the second statement. The Fall of Constantinople, capital of the Byzantine
Empire, is important historical event that marked the end of the Middle Age
period. Constantinople was successfully invaded in 1453. by them army of the
Ottoman Empire, led by Sultan Mehmed the Conqueror. His forces penetrated
Constantinople’s walls through direct infantry assaults and use of gunpowder.</span>
United Nations (UN) was founded in October 24, 1945 in San Francisco, California, United States. It was established because its goal is to make world have peace and security. They also have the objective to establish human rights
Cause he wasn’t driving a bus