What is the difference between gross profit and net profit? Production is possible by the united efforts of four factors of production viz. land, labour, capital and organization. The whole of income or total revenue earned by firm is divided among four factors of production.
What is the difference between Gross interest and net interest? In common language interest is a payment made by a borrower to the lender for the use of money usually stated as per. cent per year.
What is the difference between gross interest and net interest? Interest is a price for the use of borrowed funds. The funds are required to buy capital assets for further production. Generally borrowing is made in monetary terms.