If the French bank Société Générale reported its 2019 net income was 23,561 million euros and its operating expenses totaled 16,016 million euros, what was its gross profit? (Enter your answer in millions of euros.)

Gross Profit

million euros

39,577 million euros

Explanation:

Calculation to determine the what was its gross profit

Using this formula

Gross profit=Net income+Operating expenses

Let plug in the formula

Gross profit=23,561 million +16,016 million

Gross profit=39,577 million euros

Therefore gross profit will be 39,577 million euros

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.