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hi everyone mr. H here this is chapter 3.2 costs and revenues in this video I will explain the different types of costs and we will also explore a little bit about privet let's get started let's firstly find revenue revenue is the amount of money that is generated from the sales of goods and services so all the money that comes in from the business activity from selling the goods or sale providing services all that money that comes in is called the river on the other hand we have the casks and that's all the money that goes out of the business is the expenditure incurred to run the operations of the business okay so all the money that goes out to make the business possible to make the product or the service possible they are costs okay so you get the revenue all the money that gets in all the costs all the money that goes out you subtract the cost from the revenue and what you get is the profit the profit is your financial gain and it's the difference between revenues and costs natural

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