Economic Profit (Definition) | Interpretation & Limitations
Aug 08, 2018 · Economic Profit Definition. Economic profit is the difference between accounting profit and opportunity cost the business has foregone as the business has invested in its existing project. Whenever, a firm talks about profit, it’s usually an accounting profit. Accounting profit, in simple terms, is the difference between total revenue and the explicit costs the company is incurring.
DA: 93 PA: 47 MOZ Rank: 41 Up or Down: Up