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Profit |
Also found in: Medical, Financial, Encyclopedia, Wikipedia, Hutchinson | 0.07 sec. |
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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. |
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? References in periodicals archive |
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Although TR always has a positive impact on consumers' surplus (because output prices fall) and on environmental quality (because of the superior-environmental-performance rule), it can reduce producers' surplus by lowering the production costs of relatively inefficient firms, thereby helping these firms "steal" market share from more efficient firms. The measure of vulnerability to supply disruptions is the change in welfare, calculated as the sum of losses or gains in consumers' and producers' surplus. |
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