What Is the Difference Between Economic and Accounting Profit? Why

question 103

Essay

What is the difference between economic and accounting profit? Why is a distinction between them important?

---

Definitions:

Withdrawn

Refers to the act of removing something from consideration, cancellation of a claim, statement, or participation.

Auctioneer

A person authorized to conduct auctions, overseeing the bidding process and finalizing the sale of items.

Offeree

The person or party to whom an offer is made, especially in the context of contracts.

Saint Bernard

A large dog breed known for its rescue work and friendly nature, originally from the Swiss Alps.