Accounting profit
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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.)
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.)
