Profit that is expected on transactions. Normal profit is the difference between income and expenses.
Related information about normal profit:
- Normal Profit Definition | Investopedia
When economic profit is equal to zero; this occurs when the difference between total revenue and total cost (explicit and implicit costs) equals zero. Normal profit ...
- Profit (economics) - Wikipedia, the free encyclopedia
Normal profit is a component of (implicit) costs, and so not a component of business profit at all. It represents the opportunity cost for enterprise, since the time ...
- What is normal profit? definition and meaning
Definition of normal profit: Minimum profit necessary to attract and retain suppliers in a perfectly competitive market (see perfect competition). Only normal profit ...
- normal profit - AmosWEB
The opportunity cost of using entrepreneurial abilities in the production of a good, or the profit that could be received by entrepreneurship in another business ...
- Normal profit - The Free Dictionary
The return received on a business undertaking after all operating expenses have been met. 3. a. The return received on an investment after all charges have ...
- Normal profit - Legal Dictionary - The Free Dictionary
Most commonly, the gross proceeds of a business transaction less the costs of the transaction; i.e., net proceeds. Excess of revenues over expenses for a ...
- What are profits?
This exists when total revenue, TR, equals total cost, TC. Normal profit is defined as the minimum reward that is just sufficient to keep the entrepreneur supplying ...
- Perfect competition: Normal profits - YouTube
Jan 1, 2012 ... Normal profit is equal to the best return that the firm's self-owned, self-employed resources could earn elsewhere. It can be regarded as the ...