[youtube https://www.youtube.com/watch?v=nBqGcmzBB3E?list=PLA88DE56DF8111AC5&wmode=transparent&autoplay=0] Profits And Wages Profits and wages are not the same type of income. The ironic part of the difference is you must have profits if an employer can afford to pay wages. Regardless of how you earn your money, all money exists only because products get bought and…