PROFIT

Profit

In neoclassical microeconomic theory, the term profit has two related but distinct meanings. Economic profit is similar to accounting profit but smaller because it reflects the total opportunity costs of a venture to an investor. Normal profit refers to a situation in which the economic profit is zero. A related concept, sometimes considered synonymous to profit in certain contexts, is that of economic rent.

The above text is a snippet from Wikipedia: Profit (economics)
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profit

Noun

  1. Total income or cash flow minus expenditures. The money or other benefit a non-governmental organization or individual receives in exchange for products and services sold at an advertised price.
  2. Benefit, positive result obtained.
  3. In property law, a nonpossessory interest in land whereby a party is entitled to enter the land of another for the purpose of taking the soil or the substance of the soil (coal, oil, minerals, and in some jurisdictions timber and game).

Verb

  1. To benefit (somebody), be of use to (somebody).
  2. To benefit, gain.
  3. To take advantage of, exploit, use.


The above text is a snippet from Wiktionary: profit
and as such is available under the Creative Commons Attribution/Share-Alike License.

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