What is the meaning of ECONOMIC PROFITS?

ECONOMIC PROFITS is the difference between the total revenue and the total opportunity costs.

Barry Goldsmith
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APABarry Goldsmith. (2010). economic profits. Retrieved September 27, 2026, from http://smartdefine.org/economic_profits/definitions/1152700
ChicagoBarry Goldsmith. 2010. "economic profits" http://smartdefine.org/economic_profits/definitions/1152700 (accessed September 27, 2026).
HarvardBarry Goldsmith 2010, economic profits, Smart Define, viewed 27 September, 2026, <http://smartdefine.org/economic_profits/definitions/1152700>.
MLABarry Goldsmith. "economic profits" 21 October 2010. Web. 27 September 2026. <http://smartdefine.org/economic_profits/definitions/1152700>