Abnormal profit
id:
abnormal-profit-247-16365346
title:
Abnormal profit
text:
In economics, abnormal profit, also called excess profit, supernormal profit or pure profit, is "profit of a firm over and above what provides its owners with a normal return to capital." Normal profit (return) in turn is defined as opportunity cost of the owner's resources. A related broader term is economic rent, which applies to the owner of a resource, such as land, rather than to the firm as such. According to the theoretical model of perfect competition, abnormal profits are unsustainable
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wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Abnormal_profit
date created:
date modified:
2020-02-17T06:31:19Z
main entity:
{"identifier":"Q42377786","url":"https://www.wikidata.org/entity/Q42377786"}
image:
fields total:
13
integrity:
13