Changes

'''Accounting profit''' is total [[revenue]] minus [[explicit costs]].

'''Accounting profit''' is the term used for [[profit]] that is calculated by subtracting [[explicit costs]] from [[total revenue]]. It is distinct from [[economic profit]] in that it does not account for opportunity costs, such as the [[cost]] incurred by the manager of a firm who chooses to run the firm instead of working at a different job.  

[[Category:Business]]

[[Category:Business]]