What does Profit mean?

Answer 1

The actual answer:

That depends on what you mean by profit. If you are talking about Accounting profit, then yes, revenue - expenditure

Since this section is ECONOMICS, not ACCOUNTING then I will assume you are talking about Economic profit, which is measure by revenue - ALL costs, not just finanicial costs.

If you ran a business for one year that made a 10,000 dollar accounting profit, you would make an economic loss, because in an economic profit, opportunity costs are included as a cost.

You could have made more money packing grocerys at a local supermarket.

The opportunity cost of you working for your business was not working for a wage. That wage (what you could have got elsewhere) is an opportunity cost, which is subtracted from your accounting profit to get economic profit.

Answer 2

Profit equals revenues minus expenses. Profit is the money you have left from the operation of your business.

Answer 3

Profit is the difference between revenues and cost

Answer 4

get a dictionary...profit is to gain something. To make a profit on something.

Answer 5

Any monies that are made or left over after all expenses are paid, and costs to make whatever was sold

Answer 6

The extra money you made off of it!!! whatever IT is...like if you sold something for 25.00.....and it was able to be made for 15.00...then there is a 10.00 profit...you see???? i hope so///

Answer 7

How much money is left over after you sell something and after you pay for expenses.

Answer 8

It is how much you make after your over head is took out

Answer 9

Coinage, cashola, dollhairs,duckets, bills, dollahs, loot, $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$!

Answer 10

money made after all expenses