Profit
Profit generally is the making of gain in business activity for the benefit
of the owners of the business. The word comes from Latin meaning "to make
progress", is defined in two different ways, one for economics and one for
accounting.
Pure economic profit is the increase in wealth that an investor has from
making an investment, taking into consideration all costs associated with
that investment including the opportunity cost of capital. Accounting profit
is the difference between retail sales price and the costs of acquisition
(whether by harvest, extraction, manufacture, or purchase). A key difficulty
in measuring either definition of profit is in defining costs. Accounting
profit may be positive even in competitive equilibrium when pure economic
profits are zero.
From: Wikipedia
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