Meaning Economic profit
What does Economic profit mean? Here you find 11 meanings of the word Economic profit. You can also add a definition of Economic profit yourself

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Economic profit


Revenue from an activity minus the opportunity cost of the resources used in that activity.
Source: www-personal.umich.edu

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Economic profit


Equal to accounting profit less the implicit opportunity costs not included in total accounting costs; the difference between total revenue (TR) and total cost (TC).Synonyms: Abnormal profit Supernorm [..]
Source: cfainstitute.org

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Economic profit


The difference between business revenue and total opportunity cost. This is the revenue received by a business over and above the minimum needed to produce a good. In this sense, economic profit is a [..]
Source: glossary.econguru.com

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Economic profit


Definition The amount remaining after subtracting from the total income of a company the total monetary cost of all business activities, as well as the opportunity cost of profits that could have been [..]
Source: investorwords.com

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Economic profit


A firm's total revenue minus all explicit and implicit costs of production, including opportunity costs.
Source: econedlink.org

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Economic profit


is a measure of performance that compares net operating profit to total cost of capital
Source: investinganswers.com

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Economic profit


See rent.
Source: nap.edu

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Economic profit


This is the difference between the total revenue received by a company from its operations and the total cost of those operations.
Source: inchcape.com

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Economic profit


The difference between business revenue and total opportunity cost. This is the revenue received by a business over and above the minimum needed to produce a good. In this sense, economic profit is a [..]
Source: amosweb.com

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Economic profit


Profit that takes into account both explicit and implicit costs of production. It is calculated as Total revenues minus implicit and explicit costs.
Source: econport.org

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Economic profit


equals revenue minus economic cost.
Source: econlinks.com

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