Home >  Blossary: Microeconomic Terms  >  Term: economic profit
economic profit

Defined as total revenue - economic cost. Economic costs involve both implicit and explicit costs.

0 0
  • Μέρος του λόγου: noun
  • Κλάδος/Τομέας: Economy
  • Category: Economics

Microeconomics

Category: Education

Total terms: 20

Δημιουργός

  • Timmwilson
  • (Beijing, China)

  •  (Bronze) 187 points
  • 100% positive feedback
© 2024 CSOFT International, Ltd.