Supernormal profit: Difference between revisions
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imported>Doug Williamson (Additional clarification to entry. Source: Qualifications syllabus) |
imported>Doug Williamson (Reference economic profit.) |
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The profit over and above the return which the owners of a company could have earned by investing their money elsewhere at the same level of risk. | The profit over and above the return which the owners of a company could have earned by investing their money elsewhere at the same level of risk. | ||
Also known as ''economic profit''. | |||
Revision as of 16:07, 6 May 2015
The profit over and above the return which the owners of a company could have earned by investing their money elsewhere at the same level of risk.
Also known as economic profit.
