Difference between revisions of "Profit"

Revision as of 14:03, January 24, 2010

Profit, Anons.

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-'''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]]