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Profit and Profit Theory

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Abstract

A theory of profit should address itself to at least three questions — about the size (volume) of profit, its share in total income and about the rate of profit on capital invested. Each of these three issues (size, share, rate, hereafter) can be examined at three separate levels of aggregation, the firm, the industry or the economy.

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© 2008 Palgrave Macmillan, a division of Macmillan Publishers Limited

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Desai, M. (2008). Profit and Profit Theory. In: Durlauf, S.N., Blume, L.E. (eds) The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-58802-2_1346

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