What Is Economic Profit as It Would Be Defined in Finance

question 30

Essay

What is economic profit as it would be defined in finance or economics? Why is accounting net income not the same as an economist's determination of earnings, as measured from a shareholder's perspective?

---

Definitions:

Satiety

is the feeling of being full or satisfied, typically experienced after eating, which reduces the desire to eat more.

Fat-soluble Vitamins

Vitamins A, D, E, and K, which are absorbed along with fats in the diet and can be stored in the body's fatty tissue.

Proteins

Large, complex molecules essential for the structure, function, and regulation of the body's cells, tissues, and organs.

Fiber

The tough, stringy part of vegetables and grains, which is not absorbed by the body but aids in a variety of bodily functions.