17,394
edits
Changes
Jump to navigation
Jump to search
Line 1:
Line 1: +
chart
'''Profit''' is the excess of total revenue over total cost for a [[business]]. Alternatively, it is the return to anyone or anything that engages in an [[entrepreneurial]] activity.
'''Profit''' is the excess of total revenue over total cost for a [[business]]. Alternatively, it is the return to anyone or anything that engages in an [[entrepreneurial]] activity.
[[File:S-P-profit.jpg|thumb|350px|Profits of 500 largest American corporations, 1935-2009]]
There are different forms of profit in economics:
There are different forms of profit in economics:
*[[Economic Profit]] - achieved when the [[Total Cost]] (TC) subtracted from Total Revenue (TR) yields a positive gain.
*[[Economic Profit]] - achieved when the [[Total Cost]] (TC) subtracted from Total Revenue (TR) yields a positive gain.