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Income Share
The proportion of total income earned by a specific group, often used in discussions of income inequality.
Normal Profit
The minimum level of profit necessary for a company to remain competitive in the market, essentially covering opportunity costs.
Economic Profit
Profits calculated after considering both explicit costs, like materials and labor, and implicit costs, like opportunity costs, differentiating it from accounting profits.
Pure Rate of Interest
The theoretical return on an investment with no risk of financial loss, representing the time value of money.
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