Profit

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Profit

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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
8) and we would not be able to measure the changes in quasi-rents with the change in producers' surplus because:
Producers' surplus is calculated in a symmetric way, as the amount the producer receives over and above the minimal payment that enables it to supply, and has an analogous interpretation (see Mishan (1963)).
The impact of TR on welfare in a monopoly can be broken down into the agreement's impacts on environmental quality, producers' surplus, and consumers' surplus.
Producers' Surplus and Social Welfare: Present Values T [lambda] [a] NPV [b] Case (years) ($ / barrel) (in billion $) 1.
In competitive equilibrium, consumers' surplus is given by area [VCP.sub.C] in Figure 2, while producers' surplus is given by area [P.sub.C]CW.
This increase in production of paddy would generate a gain of producers' surplus of Rs 3708 million (using Equation 6 of the analytical framework in methodology).