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1 Top 5 Theories of Profit – Explained! - Economics Discussion
https://www.economicsdiscussion.net/profit/top-5-theories-of-profit-explained/6101
1. Frictional Theory of Profits · 2. Monopoly Theory of Profits · 3. Innovations Theory of Profits · 4. Risk and Uncertainty Bearing Theory of Profit · 5.
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2 Types, Theories and Functions of Profit
http://vikramuniv.ac.in/files/wp-content/uploads/managerial_economics_in_unit_5_profit_by-_Dr.Neha_Mathur.pdf
Economic profit indicates that resources of a business are efficiently utilized, whereas economic loss indicates that business resources can be better employed ...
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3 Theories of Profit - School of Economics
https://www.schoolofeconomics.net/theories-of-profit-economics/
The theories are: 1. The Rent Theory of Profit 2. The Wage Theory of Profit 3. The Marginal Productivity Theory of Profit 4. The Dynamic Theory ...
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4 Theories of profit
http://www.macw.ac.in/downloads/files/n5e86a00e02128.pdf
Schumpeter's Innovation Theory of Profit or “Profit is ... Important criticisms given by various economists are as follows: • a. This theory is based on ...
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5 THEORY OF PROFITS
https://mgkvp.ac.in/Uploads/Lectures/28/2668.pdf
○ Economists' concept of profit is of 'pure profit'. ○ It is also called 'economic profit' or 'just profit'. ○ The word 'profit ...
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6 Compensatory Theory of Economic Profits in Managerial ...
https://www.wisdomjobs.com/e-university/managerial-economics-tutorial-307/compensatory-theory-of-economic-profits-9994.html
Compensatory profit theory also recognizes economic profit as an important reward to the entrepreneurial function of owners and managers.
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7 Different Firms Have Different Profits: Explained In Just Three ...
https://www.linkedin.com/pulse/different-firms-have-profits-explained-just-three-paragraphs-shah
One explanation of economic profits or losses is frictional profit theory. It states that markets are sometimes in disequilibrium because of ...
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8 Theory of the Firm: What It Is and How It Works in Economics
https://www.investopedia.com/terms/t/theory-firm.asp
An economic profit or loss is the difference between the revenue received from the sale of an output and the costs of all inputs used, as well as any ...
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9 The Four Theories of Profit and Their Joint Effects
https://journals.sagepub.com/doi/10.1177/0149206310385697
In particular, virtually every theory proposed in the economics or strategy fields to explain profit relies on one or more of four basic causal mechanisms, ...
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10 The Profit Concept and Theory: A Restatement - JSTOR
https://www.jstor.org/stable/1825573
"Theory of Profit," Economic Essays (London: ... I Joseph A. Schumpeter, The Theory of Economic ... Theory of Fluctuations in Business Profits," Ameri-.
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11 (PDF) Profit Theory 1 - ResearchGate
https://www.researchgate.net/publication/335023002_Profit_Theory_1
1. Frictional Theory of Profits: According to this theory there exists a normal rate of profit which is a return on capital · 2. Monopoly Theory ...
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12 An Introduction to the Theories of Profits || Economics - YouTube
https://www.youtube.com/watch?v=BwSplD4vzyU
May 17, 2019
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13 Theories of profit (ECO) - YouTube
https://www.youtube.com/watch?v=IlqYszgj3FQ
Jun 24, 2015
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14 Theory of Profit - SlideShare
https://www.slideshare.net/BikashKumar78/theory-of-profit
According to the dynamic theory of profits Joseph Schumpeter has singled out for special treatment the part played by innovations. The daring ...
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15 Mathematics for Managerial Economics - Learn Management
https://app.memrise.com/course/700007/learn-management/227/
Above-normal profits that follow succesful invention or modernization. Compensatory Profit Theories - Compensatory Profit Theory. Above-normal rates of return ...
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16 Definition and Explanation: This risk bearing theory of profit is ...
https://www.facebook.com/rajeconomicsandcommerce/photos/a.178174879345417/838748923288006/?type=3
This risk bearing theory of profit is associated with the name of F.B. Hawley. According to him: "Profit is the reward of risk taking in a business. During the ...
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17 A Note on Theories of Profit - eNotes World
https://enotesworld.com/a-note-on-theories-of-profit/
In the words of Prof. Hansen, “Profits are residual income left after all the payments have been made, the other factors-land, labor, and capital are rewarded ...
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18 Profit (economics) - Wikipedia
https://en.wikipedia.org/wiki/Profit_(economics)
A profit is the difference between the revenue that an economic entity has received from its outputs and the opportunity costs of its inputs.
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19 MANAGERIAL THEORIES OF THE FIRM
https://sites.google.com/site/economicsbasics/managerial-theories-of-the-firm
According to traditional theories, the firm is controlled by its owners and thus wishes to maximise short run profits. The more contemporary managerial ...
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20 Chapter 1 True or False Quiz - Managerial Economics in a ...
https://learninglink.oup.com/access/content/salvatore9e-student-resources/salvatore9e-chapter-1-true-or-false-quiz
40. The frictional theory of profits holds that firms in a competitive industry can have economic profits that differ from zero for long periods of time.
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21 Managerial Economics - Fundamental and Advanced Concepts
https://www.managementstudyguide.com/managerial-economics.htm
Managerial Economics can be defined as amalgamation of economic theory with business practices so as to ease decision-making and future planning by ...
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22 The Theory of Economic Development — Joseph A. Schumpeter
https://www.hup.harvard.edu/catalog.php?isbn=9780674879904
Harvard Economic Studies 46. The Theory of Economic Development. An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle ...
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23 profit | economics - Britannica
https://www.britannica.com/topic/profit
profit, in business usage, the excess of total revenue over total cost during a specific period of time. In economics, profit is the excess over the returns ...
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24 Theory of the Firm (Economics) - Explained
https://thebusinessprofessor.com/economic-analysis-monetary-policy/theory-of-the-firm-definition
According to the theory of the firm, every business organization is driven by the motive of maximizing profits. This theory influences ...
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25 MANAGERIAL ECONOMICS UNIT-V The Concept of Profit in ...
https://gacbe.ac.in/pdf/ematerial/18BEC43C-U5.pdf
Economic theory advocates profit maximisation as the chief policy of a firm. Modem business enterprises do not accept this view and relegate the profit ...
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26 Functions of Profit in Managerial Economics - Pinterest
https://www.pinterest.com/pin/820992207062966580/
More like this ... Profit Maximization Theory of the Firm- Profit Maximization Goal of a Firm. The Profit maximization theory of the firm or profit maximization ...
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27 Prepared by: Prof. Rachna Mujoo, Applied Economics For B ...
https://www.lkouniv.ac.in/site/writereaddata/siteContent/202005301230205783Rachna_Applied_Profit.pdf
So the accounting profit considers actual cost while economic ... J.B. Clark propounded the dynamic theory of profit in the year 1900.
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28 MANAGERIAL ECONOMICS 11th Edition
https://www.indoreinstituteoflaw.org/ppt/Mr%20Rakesh%20Singh%20Yadav%20Managerial%20Economics.ppt
How Is Managerial Economics Useful? Theory of the Firm; Profit Measurement; Why Do Profits Vary among Firms? Role of Business in Society; Structure of this ...
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29 Microeconomics : Interest And Profit, Management Textbook ...
https://www.icmrindia.org/courseware/Economics%20for%20Managers/Economics%20Interest%20And%20Profit%20Chap9.htm
Profit too like interest has two components namely, gross profit and net profit. Various theories have been propounded by several economists to define ...
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30 Profits Perspective - The Jerome Levy Forecasting Center
https://www.levyforecast.com/profits-perspective/
Profits are obviously important to the behavior of the business sector, yet they are often ignored in economic forecasting. Profits are the motivation for ...
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31 Structure-Profit Relationships At The Line Of Business And ...
https://www.ftc.gov/es/system/files/documents/reports/structure-profit-relationships-line-business-industry-level/wp047.pdf
the Bureau of Economics for Financial Statistics has certified that he ... There are several theories justifying the inclusion of diver.
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32 Profit Maximization Theory & Formula - Study.com
https://study.com/learn/lesson/profit-maximization-theory-formula.html
The profit maximization theory assumes that a company's goal is to maximize profits. It assumes that the decision-making process in a company is ...
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33 Managerial Economics - Definition, Scope, Nature, Importance
https://www.wallstreetmojo.com/managerial-economics/
It highlights techniques for efficient utilization of financial, human, and material resources—so that profits can be maximized. It is a pragmatic and normative ...
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34 PROFIT
http://eclass.bsnvpgcollege.co.in/Admin/WebDoc/pdf/Econtent_Pdf_PROFIT.pdf
Risk Bearing Theory of Profit: This theory is associated with American economist Hawley. According to him profit is the reward for risk-taking in business.
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35 Management Economics and the Theory of the Firm
http://www.compilerpress.ca/Competitiveness/Anno/Anno%20Loasby%20Management%20Economics%20and%20the%20Theory%20of%20the%20Firm%20JIE%201967.htm
Since the behaviour postulated by the marginal theory of the firm is rational behaviour, then that is the way firms should behave. Profit maximization therefore ...
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36 Theoretical Foundation of Managerial Economics Notes
http://www.mbaexamnotes.com/theoretical-foundation-of-managerial-economics-notes.html
The firms then seem to behave so as to maximize managerial objectives rather than shareholders' profits. Like the traditional theory of firm it is the profit ...
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37 Applications of Managerial Economics in Business Pricing ...
https://www.e3s-conferences.org/articles/e3sconf/pdf/2021/11/e3sconf_netid2021_01061.pdf
decisions, achieve the business objective of profit-maximization, and obtain sustainable growth in the ... Hopefully, theories of managerial economics may.
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38 Managerial Economics Overview - Tutorialspoint
https://www.tutorialspoint.com/managerial_economics/managerial_economics_overview.htm
Success of a firm depends on its primary measure and that is profit. Firms are operated to earn long term profit which is generally the reward for risk taking.
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39 Theories of Profit in Economics
https://www.microeconomicsnotes.com/economic-theories/theories-of-profit/theories-of-profit-in-economics/15756
The gist of Clark's theory is that profit is a reward for inventing products and techniques of production and for managing the functions of entrepreneurs under ...
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40 Introduction To Managerial Economics
http://web.uvic.ca/~bettyj/205/intro_new.pdf
Managerial Economics: draws on economic analysis for such concepts as cost, demand, profit and competition. attempts to bridge the gap between economic theory ...
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41 Nature and Functions of Profit in Managerial Economics
https://digitallyeducate.com/nature-and-functions-of-profit-in-managerial-economics/
Profitability is the most important concept in the theory of the firm. Indeed, profit is such a key element in the market economy that the ...
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42 Profit Maximization – Managerial Economics
https://ebooks.ibsindia.org/managerial-economics/chapter/profit-maximization/
14 Profit Maximization · As long as marginal revenue is greater than marginal cost, increasing output will raise profit. · When marginal revenue is less than ...
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43 4 Main Theories of Profit - Your Article Library
https://www.yourarticlelibrary.com/microeconomics/4-main-theories-of-profit/82113
Frank Knight argued that economic profit is a return to the entrepreneur in exchange of the risk undertaken by him (her) in the operation of a business ...
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44 Economic Profit - Definition, Advantages, Disadvantages
https://corporatefinanceinstitute.com/resources/economics/economic-profit/
Economic profit (or loss) refers to the difference between the total revenues, less costs, and the opportunity cost associated with the revenue ...
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45 Theories of Profit - Economics - BrainKart
https://www.brainkart.com/article/Theories-of-Profit_33380/
This theory was propounded by the American economist J.B.Clark in 1900. To him, profit is the difference between price and cost of production of ...
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46 Managerial Economics Theory - Medium
https://medium.com/@shallalnegishi/managerial-economics-theory-ce490965ce7e?source=---------14------------------
Managerial Economics Theory · Salvatore's Theory. Salvatore's (2012) argument that the theory of a firm is to maximize profits or value is highly understated as ...
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47 Scope of Managerial Economics | Tools and Examples of ...
https://www.analyticssteps.com/blogs/scope-managerial-economics
Cost Analysis is yet another function of Managerial economics. A company makes a profit in two ways: by increasing the demand or by reducing the ...
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48 What are the Theories of profit? - Business Jargons
https://businessjargons.com/theories-of-profit.html
Theories of Profit ... Definition: Profit is the financial benefit realized from the business activity when the revenues generated exceeds the costs and expenses ...
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49 Managerial Economics (Chapter 1) Flashcards - Quizlet
https://quizlet.com/366724915/managerial-economics-chapter-1-flash-cards/
The theory of the firm that postulates that managers are not able to maximize profits but can strive only for some satisfactory goal in terms of sales, profits, ...
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50 Managerial Theories of the Firm - Emerald Insight
https://www.emerald.com/insight/content/doi/10.1108/eb013410/full/pdf
of giant enterprises. For whilst the traditional profit-maximising theory of the firm derived from neo-classical economics may be an appropriate.
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51 A capability theory of the firm: an economics and (Strategic ...
https://www.tandfonline.com/doi/full/10.1080/00779954.2017.1371208
The business enterprise is the prime institution in economic development and ... better than others at innovating and generating profits, economic theory ...
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52 The theory of the firm (Chapter 2) - Managerial Economics
https://www.cambridge.org/core/books/managerial-economics/theory-of-the-firm/210BF000F9A809203B9563AB3C4B4B1E
To describe the various assumptions which frequently underlie the profit-maximizing model and explain why they are made. To explain the limitations of the basic ...
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53 Managerial Economics in a Global Economy
http://eprints.binadarma.ac.id/1305/1/EKONOMI%20MANAJERIAL%20MATERI%201.ppt
The application of economic theory and the tools of decision science to examine ... Business Profit: Total revenue minus the explicit or accounting costs of ...
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54 THEORIES OF PROFIT - GD College, Begusarai
http://www.gdcollegebegusarai.com/course_materials/hindi/eco118.pdf
But in economics, profit is regarded as a reward for ... Business Profit and Economic Profit: ... Risk Theory of Profit was advocated by an American.
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55 The Theory of the Business - Harvard Business Review
https://hbr.org/1994/09/the-theory-of-the-business
Income became one factor among many in the buying decision, not the only one. At the same time, lean manufacturing created an economics of small scale. It made ...
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56 Conclusion Regarding Theories of Profit
https://economicskey.com/conclusion-regarding-theories-profit-8718
We have discussed above the various theories of profits. The question arises: which theory shall we accept? How do profits arise? Here we are thinking of not ...
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57 Traditional theory of the firm - Economics Help
https://www.economicshelp.org/blog/glossary/traditional-theory-of-the-firm/
Firms seek to maximise profits. Information symmetry. · Firms are not a homogenous unit. Owners may want profit maximisation, but managers and workers may have ...
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58 Economics A-Z terms beginning with P | The Economist
https://www.economist.com/economics-a-to-z/p
The presumed goal of FIRMS. In practice, business people often trade off making as much profit as possible against other goals, such as building business ...
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59 Profit Maximization Theory and Value Maximization ... - ijsdr
https://www.ijsdr.org/papers/IJSDR1906054.pdf
of view. in managerial economics, the theory of the firm based on profit maximisation or value maximisation is generally used in explaining managerial ...
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60 The Concept and Origin of Profit | SpringerLink
https://link.springer.com/chapter/10.1007/978-1-349-15751-8_7
Profits and wages are the two major sources of income in capitalist society, and therefore are generally recognised as essential categories of economic ...
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61 MANAGERIAL ECONOMICS
https://nmssvcollege.com/wp-content/uploads/2017/11/managerial_economics-1.pdf
Managerial economics applies microeconomic theory to business problems. • How to use economic analysis to make decisions to achieve firm's goal of profit.
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62 Theories of Profit - Theintactone.com
https://theintactone.com/2019/09/29/poe-u1-topic-6-theories-of-profit/
This theory is associated with American economist Hawley. According to him profit is the reward for risk-taking in business.
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63 Profitability in business cycle theory and forecasting
https://www.sciencedirect.com/science/article/pii/S0486613499800035
Rising profitability suggests that the economy is on a secular growth path, while a peak or fall in profitability suggests that growth is slowing and the ...
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64 WHAT DOES PROFIT MEAN FOR ALFRED MARSHALL?
https://dadun.unav.edu/bitstream/10171/6286/1/Profit%20%28IJAEE%29.pdf
economics, specifically designed to facilitate entrance into the business world. ... certainly, there is one theory of profits in Marshall, easy to find by ...
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65 Hawkins 1973 Chapter Neo-Classical Theories Of Profit M
https://www.studocu.com/en-us/document/university-of-northern-iowa/managerial-economics/hawkins-1973-chapter-neo-classical-theories-of-profit-m/17303531
480). Classical economists' concern with cost of production and natural values did not lead them to ignore market prices altogether: these were seen as being ...
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66 Economic Theories of the Nonprofit Sector - Yale Law School |
https://law.yale.edu/sites/default/files/documents/pdf/Faculty/Hansmanneconomictheories.pdf
revenue from patient billings. Large publicly held business corporations owning chains of for-profit hospitals emerged for the first time.
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67 Topic 4: Theory of the Firm - Dartmouth
http://www.dartmouth.edu/~econ01ab/f02-topic4.pdf
Dartmouth College, Department of Economics: Economics 1, Fall '02. Topic 4: Theory of the ... Objective: firms are interested in profit = revenue - cost.
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68 PROFIT and Its Theories - ppt download
https://slideplayer.com/slide/12937727/
13 The main points of Walker's Theory of Profit can be summed up as such: (i) Profit is rental in character. Just as superior grades of land earn more rent than ...
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69 Managerial Economics : A Problem-Solving Approach
http://eprints.stiperdharmawacana.ac.id/184/1/Managerial.Economics-A.Problem-Solving.Approach.pdf
Economic organizations 23. Transaction cost theory 25. Motivation theory 26. Property rights theory 29. 2.3 The basic profit-maximizing model 32.
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70 Lecture notes Managerial Economics - Docsity
https://www.docsity.com/en/managerial-economics-47/2166906/
Theory of the Firm • Profit Measurement • Why Do Profits Vary among Firms? ... Evaluating Choice Alternatives • Identify ways to efficiently ...
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71 Managerial Economics of Non-Profit Organizations
http://www.untag-smd.ac.id/files/Perpustakaan_Digital_2/NON%20PROFIT%20ORGANIZATION%20Managerial%20Economics%20of%20Non-Profit%20Organizations%20(Routledge%20Studies%20in%20th.PDF
This definition is a purely economics based definition, which is justified by the fact that this book concentrates on what economic theory can teach on the ...
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72 MBA-1 Risk bearing theory - f by Anjali.pdf
http://ppup.ac.in/download/econtent/pdf/MBA-1%20Risk%20bearing%20theory%20-%20f%20by%20Anjali.pdf
Subject-Managerial Economics. Topic- Theory of Profit (part-2). Faculty Name – Anjali. Faculty member. Department of Management study ...
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73 Models of Firm Profitability - University of Warwick
https://warwick.ac.uk/fac/soc/economics/staff/academic/slade/wp/profitability.pdf
Natural–resource economists have also developed theories of firm profitability. ... For this reason, even if available, profits by line of business would.
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74 Meaning, Scope and Application of Managerial Economics
http://mjccbhavnagar.org/OnlineEdu/Sem6/ME/ch%201%20sem%206.pdf
Economists have developed a theory of firm which fundamentally centres on the assumption of profit maximisation and the assumption that the firms act rationally ...
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75 Undergraduate Course Descriptions
https://bepp.wharton.upenn.edu/programs/undergraduate/course-information/course-descriptions/
We will use economic theory to analyze issues like a gas tax to change reliance on ... This course examines the non-market components of business and the ...
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76 How Modern Economics Is Built On 'The World's Dumbest Idea'
https://www.forbes.com/sites/stevedenning/2013/07/22/how-modern-economics-is-built-on-the-worlds-dumbest-idea/
Here, we learn at the outset that the very foundation of managerial economics is, guess what: maximizing shareholder value. As the book amiably ...
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77 RECENT THEORIES OF PROFIT - CORE
https://core.ac.uk/download/pdf/144523864.pdf
profits, not the gross profits of business* It was this theory that eventually found ... approval the theory of profit nnist he mac re economic in nature.
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78 Costs and Profit | Microeconomics - Lumen Learning
https://courses.lumenlearning.com/wm-microeconomics/chapter/costs-and-profit/
Economic profit is total revenue minus total cost, including both explicit and implicit costs. The difference is important because even though a business ...
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79 Introduction To Managerial Economics - ReferenceGlobe
http://referenceglobe.com/kpsslp/support/upload_videos/1%20Introduction%20To%20Managerial%20Economics_1580792461.pdf
determinants of employments and income”. Microeconomics. The study of an individual consumer or a firm is called microeconomics (also called the Theory of.
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80 Economic profit vs accounting profit (video) | Khan Academy
https://www.khanacademy.org/economics-finance-domain/ap-microeconomics/production-cost-and-the-perfect-competition-model-temporary/types-of-profit/v/economic-profit-vs-accounting-profit
› ... › Types of profit
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81 Managerial Economics - benefits - Reference For Business
https://www.referenceforbusiness.com/encyclopedia/Man-Mix/Managerial-Economics.html
PROFIT MAXIMIZATION AND THE FIRM. Under the simplest version of the theory of the firm it is assumed that profit maximization is its primary goal. In this ...
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82 I LESSON 1 MANAGERIAL ECONOMICS STRUCTURE 1.1 ...
https://www.distanceeducationju.in/pdf/BCOM%20Course%20No.%20203.pdf
Managerial Economics can be defined as amalgamation of economic theory with business ... Profit forecasting is an essential function of any management.
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83 CHAPTER ONE MANAGERIAL ECONOMICS - eopcw
https://eopcw.com/find/downloadLectureNote/615
(application of economics theory) with business practice for the purpose of ... applied by all managers in profit seeking firms, in the public and not for ...
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84 BEC 30325: MANAGERIAL ECONOMICS - CA Sri Lanka
https://www.casrilanka.com/casl/images/stories/2017/2017_pdfs/sab_portal/course_material/bec_30325_session_01_2017.pdf
The Theory of the firm. • The nature and importance of profit. • Economic Profit and Accounting Profit. • Quantitative techniques in Managerial. Economics.
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85 The theory of the entrepreneur: from heroic to socialised ...
https://www.cairn.info/revue-journal-of-innovation-economics-2014-2-page-9.htm
The economic theory of the entrepreneur is defined in the analysis of ... of managerial capital) but because the risk (and consequently the profits) ...
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86 Profit with Purpose? A Theory of Social Enterprise
https://www.aeaweb.org/articles?id=10.1257/pol.20150495
Published in volume 9, issue 3, pages 19-58 of American Economic Journal: Economic Policy ... D21 Firm Behavior: Theory; L21 Business Objectives of the Firm ...
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87 Managerial Economics - St. Joseph's Degree & PG College
https://josephscollege.ac.in/lms/Uploads/pdf/material/ManagerialEconomicsNotes.pdf
O Integration of economic theory and business practice ... their alternative uses with a view to maximize their profit in case a firm carries out.
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88 Managerial Economics: Theories And Marketing Applications
https://www.luiss.edu/cattedreonline/corso/M201IT/0/LM19KMA/2019
Managerial economics, meaning the application of economic methods (with specific reference to Industrial Organization) in the managerial decision-making process ...
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89 Chapter 1: Introduction to Managerial Economics
https://saylordotorg.github.io/text_principles-of-managerial-economics/s01-introduction-to-managerial-eco.html
The purpose of managerial economics is to provide economic terminology and reasoning for the improvement of managerial decisions. Most readers will be familiar ...
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90 Question bank-unit1.docx
https://getenotes.weebly.com/uploads/1/4/1/9/14194145/question_bank-unit1.docx
Engineering & Managerial Economics (EHU -501) ... Theory of Income, Output and Employment; Theory of Business Cycles; Theory of General Price level with ...
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91 Table of contents for Managerial economics in a global economy
http://catdir.loc.gov/catdir/toc/ecip0610/2006007418.html
... Nature and Function of Profits 14 Business Versus Economic Profit 14 Theories of Profit 15 Function of Profit 16 Case Study 1-4: Profits in the Personal ...
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92 MANAGERIAL ECONOMICS (Lecture-19).pdf
http://www.jiwaji.edu/pdf/ecourse/engineering/MANAGERIAL%20ECONOMICS%20(Lecture-19).pdf
distribution theories of rent, wages, interest and profits. ▻ Managerial theory deals with a study of only profit theories.
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93 1 Frank H. Knight's Risk, Uncertainty and Profit, (1921b) was ...
https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID3703364_code381536.pdf?abstractid=3591596
Company's annual economics essay competition.1 The book was a revised ... Cornell University in 1916, entitled “A Theory of Business Profit” (Knight 1916).
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94 Chapter 7: Theories of Value
https://www.d.umn.edu/cla/faculty/jhamlin/4111/2111-home/value.htm
What is the source of profit? The philosophers and others now known as the classical political economists started by investigating two central economic ...
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95 Profits | Encyclopedia.com
https://www.encyclopedia.com/social-sciences-and-law/economics-business-and-labor/economics-terms-and-concepts/profits
Schumpeter, Joseph A. (1912) 1934 The Theory of Economic Development: An Inquiry Into Profits, Capital, Credit, Interest, and the Business Cycle.
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