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Therefore, the birth of capitalism was also the birth of a new vocabulary to identify its properties. While Heilbronner focused on the ideas of labor, land and capital; the ideas of how to generate profit from content employees, and research and development and the use of bookkeeping are equally important. Thus, the previous uses of these concepts were vital in the conversion from feudal to capitalistic society.
Primarily of course in today's business life is the idea that companies exist to make money, or a profit. The term profit simply means the amount of revenue that remains after accounting for all expenses...
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