Concept information
Preferred term
profit
Definition
- Profit is easy to define; it is equal to income less expenses. The difficulty comes when you need to define income and expenses, and do so in a way that provides useful information about a firm's performance. [Source: Encyclopedia of Health Care Management; Profit]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/profit
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