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profit
(redirected from Economic profits)

   Also found in: Dictionary/thesaurus, Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
profit
the amount by which income exceeds expenditure.

profit sharing
profit sharing between a professional and a lay person is illegal in most countries because it is considered to be improper for a nonveterinarian to have any authority over the quality and style of the work of a professional person.


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This is true simply because of the growing coordination/agency costs that are bound to emerge as output is restricted and economic profits emerge and become progressively larger with further restrictions.
He said that Lloyds enjoyed 20pc shares of the UK personal and small business markets, yet only accounted for 10pc of the total economic profits of the UK financial services market.
When an industry settles into a long-term competitive equilibrium, all assets are expected to earn their opportunity cost of capital because any economic profits have already been driven away by competition in the industry in terms of expansion by existing firms or entrance by new firms.
 
 
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