Accounting profit
Revision as of 18:10, 1 July 2020 by MariamKhalid (talk | contribs)
Accounting profit is the amount of revenue remaining for the owners of a firm after all the factors of production except capital have been compensated. (Cf. economic profit, profit.)
Definition
According to Macroeconomics by Mankiw (7th edition),
- Accounting profit. The amount of revenue remaining for the owners of a firm after all the factors of production except capital have been compensated. (Cf. economic profit, profit.)
