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| ==Etymology== | | ==Etymology== |
− | [http://nordan.daynal.org/wiki/index.php?title=English#ca._1100-1500_.09THE_MIDDLE_ENGLISH_PERIOD Middle English], from Anglo-French, from [[Latin]] profectus advance, profit, from proficere | + | [https://nordan.daynal.org/wiki/index.php?title=English#ca._1100-1500_.09THE_MIDDLE_ENGLISH_PERIOD Middle English], from Anglo-French, from [[Latin]] profectus advance, profit, from proficere |
− | *Date: [http://en.wikipedia.org/wiki/14th_Century 14th century] | + | *Date: [https://en.wikipedia.org/wiki/14th_Century 14th century] |
| ==Definitions== | | ==Definitions== |
| *1 : a valuable return : gain | | *1 : a valuable return : gain |
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| *4 : the [[ratio]] of profit for a given year to the amount of capital invested or to the [[value]] of sales | | *4 : the [[ratio]] of profit for a given year to the amount of capital invested or to the [[value]] of sales |
| *5 : the compensation accruing to entrepreneurs for the [[assumption]] of risk in [[business]] enterprise as distinguished from wages or rent | | *5 : the compensation accruing to entrepreneurs for the [[assumption]] of risk in [[business]] enterprise as distinguished from wages or rent |
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| + | <center>For lessons on the [[topic]] of '''''Profit''''', follow [https://nordan.daynal.org/wiki/index.php?title=Category:Profit '''''this link'''''].</center> |
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| ==Description== | | ==Description== |
− | In [http://en.wikipedia.org/wiki/Neoclassical_economics neoclassical economics], economic '''profit''', or profit, is the [[difference]] between a firm's total revenue and its opportunity costs. In [http://en.wikipedia.org/wiki/Classical_economics classical economics] profit is the return to the employer of capital stock (machinery, factory, a plow) in any productive pursuit involving [[Work|labor]]. These two definitions are actually the same. In both instances economic profit is the return to an [http://en.wikipedia.org/wiki/Entrepreneur entrepreneur] or a group of entrepreneurs. Economic profit is thus contrasted with economic [http://en.wikipedia.org/wiki/Interest interest] which is the return to an owner of capital stock or [[money]] or bonds. In finance or accounting, profit is the increase in monetary [[wealth]] that an investor realizes from making an investment, taking into consideration all costs [[associated]] with that investment including the opportunity cost associated with other monetary investments.[http://en.wikipedia.org/wiki/Profit_(economics)] | + | In [https://en.wikipedia.org/wiki/Neoclassical_economics neoclassical economics], economic '''profit''', or profit, is the [[difference]] between a firm's total revenue and its opportunity costs. In [https://en.wikipedia.org/wiki/Classical_economics classical economics] profit is the return to the employer of capital stock (machinery, factory, a plow) in any productive pursuit involving [[Work|labor]]. These two definitions are actually the same. In both instances economic profit is the return to an [https://en.wikipedia.org/wiki/Entrepreneur entrepreneur] or a group of entrepreneurs. Economic profit is thus contrasted with economic [https://en.wikipedia.org/wiki/Interest interest] which is the return to an owner of capital stock or [[money]] or bonds. In finance or accounting, profit is the increase in monetary [[wealth]] that an investor realizes from making an investment, taking into consideration all costs [[associated]] with that investment including the opportunity cost associated with other monetary investments.[https://en.wikipedia.org/wiki/Profit_(economics)] |
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| [[Category: Economics]] | | [[Category: Economics]] |