Yahoo Web Search

  1. Profit (economics) - Wikipedia

    In economics, profit in the accounting sense of the excess of revenue over cost is the sum of two components: normal profit and economic profit.Understanding profit can be broken down into three aspects: the size of profit, the portion of the total income, and the rate of profit (in comparison to the initial investment).

  2. Profit maximization - Wikipedia

    In economics, profit maximization is the short run or long run process by which a firm may determine the price, input, and output levels that lead to the highest profit. Neoclassical economics , currently the mainstream approach to microeconomics , usually models the firm as maximizing profit.

  3. Profit (economics) - Wikipedia

    In economics, profit in the accoontin sense o the excess o revenue ower cost is the sum o twa components: normal profit an economic profit.Normal profit is the profit that is necessar tae juist kiver the opportunity costs o the awner-manager or o the firm's investors.

  4. Economic Profit (or Loss) Definition

    May 22, 2020 · Economic Profit (Or Loss): An economic profit or loss is the difference between the revenue received from the sale of an output and the opportunity cost of the inputs used. In calculating economic ...

  5. Profit motive - Wikipedia

    In economics, the profit motive is the motivation of firms that operate so as to maximize their profits.Mainstream microeconomic theory posits that the ultimate goal of a business is "to make money" - not in the sense of increasing the firm's stock of means of payment (which is usually kept to a necessary minimum because means of payment incur costs, i.e. interest or foregone yields), but in ...

  6. People also ask

    What is the difference between accounting profit and economic profit?

    What is the key takeaway of economic profit?

    What is economic profit in economics?

    Does economic profit occur in perfect competition?

  7. Gross (economics) - Wikipedia

    Start the Gross (economics) article, using the Article Wizard if you wish, or add a request for it; but please remember Wikipedia is not a dictionary. wiktionary:gross From a cross-project redirect : This is a redirect that is used as a connection to other Wikimedia projects.

  8. Profit Definition - Investopedia

    Nov 13, 2019 · Profit is a financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs and taxes needed to sustain the activity. Any profit that is ...

    • Will Kenton
  9. Profits | Profit maximisation | Economics Online | Economics ...

    Profit. Profit has several meanings in economics. At its most basic level, profit is the reward gained by risk taking entrepreneurs when the revenue earned from selling a given amount of output exceeds the total costs of producing that output.

  10. Economic Profit | Boundless Economics

    Economic profit is the difference between total monetary revenue and total costs, but total costs include both explicit and implicit costs. Economic profit includes the opportunity costs associated with production and is therefore lower than accounting profit. Economic profit also accounts for a longer span of time than accounting profit.

  11. What is Economic Profit? - Definition | Meaning | Example

    Thus, her EP profit would $45,000 ($75,000 – $30,000). This calculation shows Jen made the right choice leaving her job. Summary Definition. Define Economic Profits: Economic profit means the amount actual revenue earned exceeds implicit costs used to earn that revenue.