Definition of Economic profit:
The difference between a companys income and economic costs.
How to use Economic profit in a sentence?
- The difference between how much economic profit you make can rest on a razors edge and you need breaks to go your way.
- I knew we would accumulate a lot of economic profit with our new system in place and that made everyone excited.
- Being able to break down your companies economic profit will help you to know exactly how well you have done this year.
Meaning of Economic profit & Economic profit Definition