Market price Factor cost Basic price

Factor Cost + Production Taxes-Production Subsidy= Basic Price
Basic Price +Product Taxes-Product Subsidy = Market Price
Difference between production and product taxes?
Production tax or subsidies are paid or received with relation to production and are independent of the volume of actual production.
Product taxes or subsidies are paid or received on per unit product hence it is dependent on volume of production.

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[@nklpapa1]

Very Helpful

[@user-fo9xl2yf7f]

Sir why intreprenuership has profits??