| Line 1: |
Line 1: |
| − | '''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, Anons. |
| − | | |
| − | [[File:S-P-profit.jpg|thumb|350px|Profits of 500 largest American corporations, 1935-2009]]
| |
| − | 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.
| |
| − | *Normal Profit - a firm is making normal profit when it makes enough revenue to just cover its day-to-day operating costs. Therefore, it is sometimes viewed as a cost.
| |
| − | | |
| − | [[category:accounting]]
| |
| − | [[category:economics]]
| |