The difference between the market value of goods produced and the cost of production is
Answer Details
The difference between the market value of goods produced and the cost of production is called the "gross profit on manufacturing." This is the amount of money that a business earns after deducting the cost of production from the revenue generated by selling the goods. It represents the total profit before taking into account any other expenses such as overheads, taxes, or interest payments. In simpler terms, it is the money left over from the sale of goods after the cost of producing those goods has been accounted for.