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From Nordan Symposia
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==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
*Date: [http://en.wikipedia.org/wiki/14th_Century 14th century]
==Definitions==
*1 : a valuable return : gain
*2 : the excess of returns over expenditure in a transaction or [[series]] of transactions; especially : the excess of the selling price of goods over their cost
*3 : net income usually for a given period of [[time]]
*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
==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)]
[[Category: Economics]]
==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
*Date: [http://en.wikipedia.org/wiki/14th_Century 14th century]
==Definitions==
*1 : a valuable return : gain
*2 : the excess of returns over expenditure in a transaction or [[series]] of transactions; especially : the excess of the selling price of goods over their cost
*3 : net income usually for a given period of [[time]]
*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
==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)]
[[Category: Economics]]
