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profit
(redirected from Economic profits)

   Also found in: Dictionary/thesaurus, Medical, Financial, Encyclopedia, Wikipedia 0.02 sec.

Most commonly, the gross proceeds of a business transaction less the costs of the transaction; i.e., net proceeds. Excess of revenues over expenses for a transaction; sometimes used synonymously with net income for the period. Gain realized from business or investment over and above expenditures.

Accession of good, valuable results, useful consequences, avail, or gain. The benefit, advantage, or pecuniary gain accruing to the owner or occupant

of land from its actual use; as in the familiar phrase rents, issues and profits, or in the expression mesne profits.


profit noun accruance, accumulation, acquisition, advantage, augmentation, avails, benefaction, benefit, clearance, compensation, dividend, earnings, emolument, financial reward, fructus, fruits, gain, growth, harvest, improvement, incentive, income, increase, interest, meed, output, pay, payment, prize, proceeds, produce, quaestus, realization, remuneration, return, revenue, reward, service, take, utility, value received, windfall, winnings, yield
Associated concepts: accumulated profits, anticipated proffts, capital, carrying on business for profit, distributable profits, excessive profits, excess profits tax, gross profit, loss of profits, margin of profit, net profit, not for profit, peeuniary profits, profit a prendre, profit sharing, prospective profit, remote profits, secret profits, speculative profits, surrlus profits, underwriting profits, undistributed profits
Foreign phrases: Ubi periculum, ibi et lucrum collocatur.He who risks a thing, should receive the profits arising from it.
profit verb acquire, advance, assist, avail, be better for, be improved by, be of use, benefit, cash in on, clear, confer a benefit on, contribute, draw profit from, edify, gain, gain advantage, harvest, help, improve, learn a lesson from, make capital out of, make good use of, make immrovement, make money by, make use of, obtain a return, produce a good effect, produce a good result, put to use, realize, reap, reap the fruits, turn to account, use, utilize, yield returns
See also: advantage, attain, avail, bear, behalf, benefit, betterment, boom, capitalize, collect, commission, dividend, earn, earnings, edification, fee, gain, inure, output, pay, perquisite, proceeds, prosperity, realization, realize, reap, revenue, succeed, utility, worth, yield


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This is true simply because of the growing coordination/agency costs that are bound to emerge as output is restricted and economic profits emerge and become progressively larger with further restrictions.
He said that Lloyds enjoyed 20pc shares of the UK personal and small business markets, yet only accounted for 10pc of the total economic profits of the UK financial services market.
When an industry settles into a long-term competitive equilibrium, all assets are expected to earn their opportunity cost of capital because any economic profits have already been driven away by competition in the industry in terms of expansion by existing firms or entrance by new firms.
 
 
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