For the television series, see
Profit (TV series) Profit generally is the making of gain in business activity for the benefit of the owners of the business. The word comes from Latin meaning "to make progress", is defined in two different ways, one for
economics and one for
accounting.Pure economic profit is the increase in
wealth that an
investor has from making an investment, taking into consideration all costs associated with that investment including the
opportunity cost of
capital. Accounting profit is the difference between retail
sales price and the
costs of acquisition (whether by harvest, extraction, manufacture, or purchase). A key difficulty in measuring either definition of profit is in defining costs. Accounting profit may be positive even in
competitive equilibrium when pure economic profits are zero.
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