Explain the difference between accounting and economic profit and tell the class which profit is more important in making a GO or NO GO decision in operating your own business.

This video explains different types of profit and whether or not if a person should start a business with different costs and types of profit. Please explain the difference between accounting and economic profit and tell the class which profit is more important in making a GO or NO GO decision in operating your own business. Please use at least three paragraphs to explain and comment on other two your fellow classmates’ postings.