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profit
profitgain; benefit; income from investments or property: The sale made a profit. Not to be confused with:prophet – soothsayer; predictor: prophet of doomprof·it P0583200 (prŏf′ĭt)n.1. An advantageous gain or return; benefit.2. Financial gain from a transaction or from a period of investment or business activity, usually calculated as income in excess of costs or as the final value of an asset in excess of its initial value.v. prof·it·ed, prof·it·ing, prof·its v.intr.1. To make a gain or profit.2. To derive advantage; benefit: profiting from the other team's mistakes.v.tr. To be beneficial to: What has all this time in school profited you? [Middle English, from Old French, from Latin prōfectus, from past participle of prōficere, make progress, to profit : prō-, forward; see pro-1 + facere, to make; see dhē- in Indo-European roots.] prof′it·less adj.profit (ˈprɒfɪt) n1. (Accounting & Book-keeping) (often plural) excess of revenues over outlays and expenses in a business enterprise over a given period of time, usually a year2. (Commerce) the monetary gain derived from a transaction3. (Banking & Finance) a. income derived from property or an investment, as contrasted with capital gainsb. the ratio of this income to the investment or principal4. (Economics) economics a. the income or reward accruing to a successful entrepreneur and held to be the motivating factor of all economic activity in a capitalist economyb. (as modifier): the profit motive. 5. a gain, benefit, or advantagevbto gain or cause to gain profit[C14: from Latin prōfectus advance, from prōficere to make progress; see proficient] ˈprofiter n ˈprofitless adjprof•it (ˈprɒf ɪt) n. 1. Often, profits. a. pecuniary gain resulting from the employment of capital in any transaction. b. the ratio of such gain to the amount of capital invested. c. proceeds or revenue from property, investments, etc. 2. the monetary surplus left to a producer or employer after deducting wages, rent, cost of materials, etc.: She sold the building at a profit. 3. advantage; benefit; gain. v.i. 4. to gain an advantage or benefit: to profit from one's schooling. 5. to make a profit. 6. to take advantage: to profit from the weaknesses of others. 7. to be of service or benefit. v.t. 8. to be of advantage or profit to. [1250–1300; Middle English < Middle French < Latin prōfectus progress, profit = prōfec-, variant s. of prōficere to make headway, advance (prō- pro-1 + -ficere, comb. form of facere to make, do1) + -tus suffix of v. action] prof′it•er, n. syn: See advantage. profit- Roman holiday - Enjoyment or profit derived from others' discomfort or suffering, based on the gladiator matches enjoyed by ancient Romans.
- bottom line - A reference to the line at the bottom of a financial statement that shows the profit or balance.
- improve - First meant "to make a profit for oneself" or "to employ to advantage; to make profitable use of."
- broker - Originally, a broker or brokour bought wine cheaply in quantity and sold it at a profit; broker came to mean any retailer who did this, or a middleman/agent.
profit Past participle: profited Gerund: profiting
Present |
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I profit | you profit | he/she/it profits | we profit | you profit | they profit |
Preterite |
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I profited | you profited | he/she/it profited | we profited | you profited | they profited |
Present Continuous |
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I am profiting | you are profiting | he/she/it is profiting | we are profiting | you are profiting | they are profiting |
Present Perfect |
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I have profited | you have profited | he/she/it has profited | we have profited | you have profited | they have profited |
Past Continuous |
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I was profiting | you were profiting | he/she/it was profiting | we were profiting | you were profiting | they were profiting |
Past Perfect |
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I had profited | you had profited | he/she/it had profited | we had profited | you had profited | they had profited |
Future |
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I will profit | you will profit | he/she/it will profit | we will profit | you will profit | they will profit |
Future Perfect |
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I will have profited | you will have profited | he/she/it will have profited | we will have profited | you will have profited | they will have profited |
Future Continuous |
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I will be profiting | you will be profiting | he/she/it will be profiting | we will be profiting | you will be profiting | they will be profiting |
Present Perfect Continuous |
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I have been profiting | you have been profiting | he/she/it has been profiting | we have been profiting | you have been profiting | they have been profiting |
Future Perfect Continuous |
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I will have been profiting | you will have been profiting | he/she/it will have been profiting | we will have been profiting | you will have been profiting | they will have been profiting |
Past Perfect Continuous |
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I had been profiting | you had been profiting | he/she/it had been profiting | we had been profiting | you had been profiting | they had been profiting |
Conditional |
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I would profit | you would profit | he/she/it would profit | we would profit | you would profit | they would profit |
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I would have profited | you would have profited | he/she/it would have profited | we would have profited | you would have profited | they would have profited | ThesaurusNoun | 1. | profit - the excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)earnings, net income, net profit, profits, lucre, netincome - the financial gain (earned or unearned) accruing over a given period of timeearning per share - the portion of a company's profit allocated to each outstanding share of common stockwindfall profit - profit that occurs unexpectedly as a consequence of some event not controlled by those who profit from itcleanup, killing - a very large profitfast buck, quick buck - quick or easy earnings, "they are traders out to make a fast buck"filthy lucre - shameful profit; "he would sell his soul for filthy lucre"gross profit, gross profit margin, margin - (finance) the net sales minus the cost of goods and services soldshare, percentage, portion, part - assets belonging to or due to or contributed by an individual person or group; "he wanted his share in cash"markup - the amount added to the cost to determine the asking priceaccumulation - (finance) profits that are not paid out as dividends but are added to the capital base of the corporationdividend - that part of the earnings of a corporation that is distributed to its shareholders; usually paid quarterly | | 2. | profit - the advantageous quality of being beneficialgainadvantage, vantage - the quality of having a superior or more favorable position; "the experience gave him the advantage over me"account - the quality of taking advantage; "she turned her writing skills to good account"gainfulness, lucrativeness, profitability, profitableness - the quality of affording gain or benefit or profit | Verb | 1. | profit - derive a benefit from; "She profited from his vast experience"benefit, gainacquire, get - come into the possession of something concrete or abstract; "She got a lot of paintings from her uncle"; "They acquired a new pet"; "Get your results the next day"; "Get permission to take a few days off from work"cash in on - take advantage of or capitalize onprofiteer - make an unreasonable profit, as on the sale of difficult to obtain goodscapitalize, take advantage, capitalise - draw advantages from; "he is capitalizing on her mistake"; "she took advantage of his absence to meet her lover"pyramid - enlarge one's holdings on an exchange on a continued rise by using paper profits as margin to buy additional amountsnet, sack up, sack, clear - make as a net profit; "The company cleared $1 million" | | 2. | profit - make a profit; gain money or materially; "The company has not profited from the merger"turn a profitline one's pockets - make a lot of moneyturn a nice dime, turn a nice dollar, turn a nice penny - make a satisfactory profit; "The company turned a nice dime after a short time"clean up - make a big profit; often in a short period of time; "The investor really cleaned up when the stock market went up"earn, realise, pull in, bring in, realize, gain, make, take in, clear - earn on some commercial or business transaction; earn as salary or wages; "How much do you make a month in your new job?"; "She earns a lot in her new job"; "this merger brought in lots of money"; "He clears $5,000 each month"break even - make neither profit nor lossturn a loss, lose - fail to make money in a business; make a loss or fail to profit; "I lost thousands of dollars on that bad investment!"; "The company turned a loss after the first year" |
profitnoun1. (often plural) earnings, winnings, return, revenue, gain, boot (dialect), yield, proceeds, percentage (informal), surplus, receipts, bottom line, takings, emoluments The bank made pre-tax profits of £3.5 million. earnings loss, debt, deficit, deficiency, debit, depletion, shrinkage, losings2. benefit, good, use, interest, value, gain, advantage, advancement, mileage (informal), avail They saw little profit in risking their lives to capture the militants. benefit cost, damage, injury, hurt, harm, disadvantage, detriment, impairmentverb1. make money, clear up, gain, earn, clean up (informal), rake in (informal), make a killing (informal), make a good thing of (informal) The dealers profited shamelessly at my family's expense.2. benefit, help, serve, aid, gain, promote, contribute to, avail, be of advantage to So far the French alliance has profited the rebels very little.profit from something capitalize on, take advantage of, learn from, use, exploit, make the most of, cash in on (informal), utilize, make good use of, reap the benefit of, put to good use, make capital of, turn to advantage or account One can profit from that example and try to follow it.profitnoun1. Something beneficial:advantage, avail, benefit, blessing, boon, favor, gain.2. Something that contributes to or increases one's well-being:advantage, benefit, good, interest (often used in plural).3. Something earned, won, or otherwise acquired:earnings, gain, return.4. The quality of being suitable or adaptable to an end:account, advantage, avail, benefit, use, usefulness, utility.verb1. To make a large profit:batten.Slang: clean up.Idiom: make a killing.2. To derive advantage:benefit, capitalize, gain.3. To be an advantage to:advantage, avail, benefit, serve.Archaic: boot.Idiom: stand someone in good stead.Translationsprofit (ˈprofit) noun1. money which is gained in business etc, eg from selling something for more than one paid for it. I made a profit of $8,000 on my house; He sold it at a huge profit. 利潤 利润2. advantage; benefit. A great deal of profit can be had from travelling abroad. 益處 益处 verb – past tense, past participle ˈprofited – (with from or by) to gain profit(s) from. The business profited from its exports; He profited by his opponent's mistakes. 得益 得益ˈprofitable adjective (negative unprofitable) giving profit. The deal was quite profitable; a profitable experience. 有益的 有益的ˈprofitably adverb 有益(地) 有益(地)
profit
turn a profitTo make money; to make a profit from a particular venture. We're going to have to close the shop if we don't turn a profit again this quarter. We broke even again, but I think we will turn a profit next quarter.See also: profit, turnprofit by (something)1. Literally, to make money from something. I promise, you'll profit by this business venture. There are stacks of bills in your future.2. To learn from some experience. Well, as long as you profit by this error, then it's not so bad, right?See also: by, profitrealize (something) from (something)1. To come to some particular realization as a result of something else. I realized that she didn't love me from the look on her face. You should have realized from the way they were acting that they had no intention of honoring the agreement.2. To achieve or obtain some profit or other gain as a result of some transaction or sale. We'll ensure you realize the largest possible return from your investment. The government realized a pretty sizable profit from the sale of its properties around the country.See also: realizereap (something) from (someone or something)1. Literally, to accrue or accumulate something from the harvest of something else. We were able to reap a huge bounty of corn from the fields this year.2. To gain, obtain, or achieve something from some source. I'll ensure you're able to reap huge profits from this investment. The data we reaped from these computer caches will enable us to take down the terrorist cell once and for all.See also: reapprofit by something and profit from something 1. Lit. to gain money from something. You will surely profit by investing in this stock. I know I will profit from this investment. 2. Fig. to learn from something. I am sure you will profit by your unpleasant experience. Yes, I will profit from my failure.See also: by, profitturn a profitto earn a profit. The company plans to turn a profit two years from now.See also: profit, turnprofit
profit, in economics, return on capital, also called earnings, minus the costs of maintaining land, labor, and capital. It is also known as net income. Economic theorists generally make a distinction between two types of profit: normal profit, in which the entrepreneur receives the minimal necessary amount to encourage him to open or stay in a particular business; and excess profit, that which exceeds normal profit. With the development of the corporationcorporation, in law, organization enjoying legal personality for the purpose of carrying on certain activities. Most corporations are businesses for profit; they are usually organized by three or more subscribers who raise capital for the corporate activities by selling shares ..... Click the link for more information. , profits are apportioned between dividends to the holders of stock, and investment and depreciation funds in the control of hired managers. Interest paid on loans is usually considered as separate from profit, and is therefore deducted from the net profit. Profit is often considered to be the major incentive for production in a capitalist economy, although with the decline of the entrepreneur and the rise of a salaried managerial class, it has tended to become less personal and more institutional in character. See also profit sharingprofit sharing, arrangement by which employees receive, in addition to their wages, a share of the net profits of a business. The purpose is to give them an incentive to increase their output through enhanced morale, less wasteful use of materials, better care of equipment, and ..... Click the link for more information. . Bibliography See F. Knight, Risk, Uncertainty, and Profit (1921); M. Obrinsky, Profit Theory and Capitalism (1983); D. C. Mueller, Profits in the Long Run (1986); S.-Y. We Production, Entrepreneurship, and Profits (1988). profit see RATE OF PROFIT.Profit an economic category that expresses the final financial results of economic activity in expanded reproduction (vosproizvodstvo). Under capitalism, the category of profit is a converted form of surplus value, the embodiment of the unpaid labor of wage workers, which is appropriated without compensation by the capitalist. The profit is in a converted form because, in reality, surplus value is manifested as the amount by which the price exceeds the costs of production. As a product of variable capital alone, profit appears, superficially, to be an increase in all advanced capital, both constant and variable. Thus, profit conceals its true meaning as the product of capitalist exploitation, and, as Marx pointed out, “in its assumed capacity as the offspring of the aggregate advanced capital, surplus value takes the converted form of profit” (K. Marx and F. Engels, Soch., 2nd ed., vol. 25, part 1, p. 43). Marx strongly emphasized that under the conditions of capitalism, profit “is the same as surplus value, but it assumes a mystified form that is nonetheless a necessary outgrowth of the capitalist mode of production” (ibid., p. 44). In a letter to Engels (Apr. 30, 1868), Marx wrote: “For us, profit is above all just another name or another category for surplus value. Given the form of wage payment today, all labor appears to be paid for, so it inevitably seems that the unpaid part of labor arises not from labor but from capital, and not from its variable part but from capital as a whole. As a result of this, surplus value assumes the form of profit, without a quantitative difference between the two. This is only an illusory form of the appearance of surplus value” (ibid., vol. 32, p. 60). The ratio of profit to all advanced capital is the rate of profit. The chief factors influencing the rate of profit are the rate of surplus value, the organic composition of capital, and the rate of capital turnover. The rate of profit is inversely proportional to the organic composition of capital and directly proportional to the rate of surplus value and the rate of capital turnover. The rate of profit also increases as a result of savings in constant capital, which are associated with intensified exploitation of the workers. Technological progress results in an increase in the organic composition of capital. This leads to a tendency for the rate of profit to decline, despite such countervailing factors as a higher degree of exploitation of the labor of wage workers, which is manifested in an increase in the rate of surplus value; the decline of wages below the value of labor; a decline in the cost of the elements of constant capital; chronic unemployment; and high profits from exporting goods for sale at higher prices on the world market. As a result of the intersector competition for the most profitable use of capital, the rates of profit in various sectors level out at a general, average rate of profit, by means of the spontaneous transfer of capital from certain sectors to others. (This transfer takes place through the pricing mechanism and under the influence of the credit system.) The equalization of the various rates of profit results in the conversion of value into the price of production (the costs of production plus the average profit). Marx pointed out that the production of surplus value and the receipt of profit (the converted form of surplus value) is the direct, permanent goal of the capitalist system (ibid., vol. 26, part 2, pp. 607–08). During the period of monopoly capitalism the pursuit of high rates of profit becomes, to an even greater degree than before, the motive force behind the development of capitalist production. At the same time, however, the pursuit of high profit rates leads to the deepening and exacerbation of the contradictions of bourgeois society. V. I. Lenin wrote: “All of us have read in Das Kapital how capital changes internally and grows more daring when interest rates and profits rise rapidly. All of us recall that capitalism is capable of taking deadly risks and that Marx recognized this long before the war and before capitalism began its ‘leaps’ “(Poln. sobr. soch., 5th ed., vol. 45, p. 220). In the period of premonopoly capitalism the price of production was the manifestation of the law of value—the chief regulator of the economy, which shapes the basic economic proportions and the distribution of capital and labor by sectors and regions. In the epoch of imperialism, the law of value is manifested in the monopoly price. The monopolies take advantage of the growing potentials of production, science, and technology to obtain maximum profits by establishing high monopoly prices, intensifying the exploitation of the toiling people, plundering the peoples of dependent countries, militarizing the economy, and acquiring part of the profit of nonmonopoly enterprises. According to official American statistics, the profits of US corporations rose from $22.6 billion in 1946 to $98 billion in 1972 or, if taxes are taken into account, from $13.4 billion to $42.7 billion. Growing profits at capitalist enterprises and savings on the cost of production are combined with enormous losses from periodic economic crises, chronic underutilization of the production apparatus, and unemployment. Under socialism, profit assumes a new socioeconomic meaning. It differs fundamentally from profit under capitalism in the mode of its creation, the character of its formation, its influence on social reproduction, and its use. In socialist society profit has five principal characteristics. First, profit is a concrete form of the manifestation of the value of the surplus product, which is social property, and it expresses the production relations of comradely cooperation and socialist mutual assistance among the working people. Second, under socialism, profit is created in conformity with a plan, by the organized labor of people who are free from exploitation. Third, profit is formed when commodities are sold at prices established in conformity with a plan, and it goes “not to the propertied class but to all the working people and only to them” (Leninskii sb., XI, 1929, pp. 381–82). Fourth, profit is the chief source of financial support for steady growth in production and for raising the standard of living of all members of society. Fifth, in socialist society profit is used as an important economic lever in the planned management of the national economy, and it is one of the synthetic indexes of the economic efficiency of socialist production. The socialist economic system ensures the achievement of the greatest results per unit of expenditure in the interests of society. This is a necessary condition for profitable work by enterprises. Lenin always demanded that “every state enterprise pay its way and show a profit” (Poln. sobr. soch., 5th ed., vol. 44, p. 343). Of fundamental importance is Lenin’s thesis that the receipt of profit belonging to the state and the use of profits in the interests of all society “are assets also from the communist viewpoint” (ibid., vol. 45, p. 263). The profits of socialist enterprises (or associations) are directly connected with their relative isolation and with the profit-and-loss method of economic management in the national economic complex as a whole. Under socialism, the economic category of profit operates as a definite form of surplus product, expressing the value of the surplus product either in full or in part, depending on whether profit is combined with turnover tax (in the USSR and most of the other socialist countries) or whether it is the only form of accrued cash in which net income is embodied. The division of net income and accrued cash into profit and turnover tax is a consequence of the profit-and-loss organization of socialist enterprises (associations), the methods of accumulating income in the state budget, and the tasks of regulating the profitability of production. The division of accrued cash into profit and turnover tax is somewhat arbitrary, because profit and the turnover tax are similar in their economic character. In the practice of socialist planning and accounting the magnitude of profit is defined as the difference between earnings in the wholesale prices of the enterprise and the full cost of the product sold. The profitability of an enterprise (association) or sector is a relative index of profit. Under the economic conditions of developed socialism the problem of ensuring an optimal level of profitability at each normally operating enterprise becomes even more important. This means that in order to operate profitably in accordance with the principles of full economic accountability, enterprises must make up for the costs of production with earnings from the sale of output, and they must make enough of a profit to enter top-priority payments in the budget, to pay interest to the bank, and to form profit-and-loss funds. The lower limit of profitability is the level that ensures that the enterprise can make payments for assets and make deductions from profit for the economic incentive funds. The key factors in raising profit and profitability are the expansion of production, the growth of labor productivity, the reduction of the prime cost of output, and the improvement of the quality of output. The party’s economic policy takes as its point of departure the need to improve the planning of profit, which is the principal source of state revenue, and the need to increase the role in profit formation of reducing the prime cost of output. The magnitude of profit is significantly influenced by national economic factors: the acceleration of scientific and technological progress, rational location of the productive forces, increased efficiency of capital investment, and specialization and cooperation in production (seeCOOPERATION IN INDUSTRY and COOPERATION IN CONSTRUCTION). Profit and profitability are very closely related to several indexes: the incremental output/capital ratio, the consumption of materials (material-intensiveness), and the quality of products. Profit also depends on the assortment of products and on the level of prices. It matters to socialist society how, at whose expense, and under what conditions profit is increased. Any attempt to make a profit by violating state price policy or by disregarding the established assortment of products and standards is an antistate practice. The transition of enterprises to full economic accountability and the implementation of the wholesale price reform in 1966–67 were key prerequisites for increasing the role of profit. Under the new conditions of management, the role of profit has increased significantly in the economic mechanism for influencing social production. Profit is included in the system of endorsed plan indexes and indexes for evaluating the profit-and-loss operations of enterprises (associations) and ministries. As the final financial result of economic activity, profit is, to a significant degree, the factor that determines each enterprise’s contribution to the national income. Moreover, profit encourages greater emphasis on the interests of production units in improving labor, material, and financial resources. The importance of profit as the source of the formation of economic incentive funds has increased, because the formation of these funds depends on the level of fullfillment of the sales, profit, and profitability plans. Profit is more widely used to finance centralized and non-centralized capital investment, to increase circulating capital, and to meet other planned needs related to technological improvements in production. Moreover, profit is a very important source of revenue for the state budget. Payments from profits, especially payments for assets, are expected to have an effect on improving the use of production funds and raising the efficiency of capital investments in the national economy. In industry, the key sector of the USSR economy, profits rose from 22.5 billion rubles in 1965 to 65.9 billion rubles in 1975. In the entire national economy, profits increased during the same period by a factor of 2.8, rising from 37 billion rubles to 104.4 billion rubles. At the same time, the aggregate social product increased by a factor of 2.0. High growth rates for profit, an index of the increasing efficiency of social production, are also characteristic of other socialist countries. This progressive trend is typical of a number of members of the Council for Mutual Economic Assistance (COMECON; see Table 1). Table 1. The dynamics of profits in industry in Bulgaria, Poland, and Czechoslovakia |
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| Absolute volume of profits |
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| 1965 | 1971 | 1971 as percentage of 1965 |
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Bulgaria (million leva) .......... | 660 | 1,502 | 228 | Poland (billion zlotys) .......... | 56.6 | 129.5 | 229 | Czechoslovakia (billion korun) ..... | 28.2 | 55.2 | 196 |
The accelerated growth of profit, which is a result of the intensification of social production and an increase in its efficiency, makes possible a significant increase in the part of profit that is used directly in the economy to expand production, provide incentives to workers in addition to wages, and increase payments to the national budget. The percentage of profits left at the disposal of enterprises and economic organizations in the USSR increased from 30 percent in 1965 to 44 percent in 1975. During the same period payments to the budget from the profits of state enterprises rose from 30.9 billion rubles to 69.7 billion rubles, and the share of these payments in total state budget revenues rose from 30.2 percent to 31.9 percent. Under the conditions associated with full economic accountability, it is objectively necessary to increase the share of profit left at the disposal of enterprises (associations) and ministries for the development and improvement of production and scientific research, for capital investments and for other expenditures. From the remainder, the free balance of profit is paid to the state budget. The formation and development of production and industrial (all-Union and republic) associations make it possible to centralize part of the profits, thereby promoting a uniform sectorial technological policy, as well as the more rational use of the economic resources of the enterprises and associations. Antiscientific views of the essence and role of profits under socialism are widespread in contemporary bourgeois literature. On the one hand, bourgeois scholars try to equate the economic meaning of profit under capitalism with its meaning under socialism. The intensified role of profits in the system of endorsed plan indexes, as well as in the economic stimulation of production associated with reforms in the socialist countries, is interpreted by bourgeois economists as a return to capitalism. On the other hand, bourgeois economists declare that profit is alien to the socialist economy and unnecessary to its functioning. In reality, profit acquires a new social meaning under socialism. It is used in conformity with a plan as an economic lever to develop socialist production and raise its efficiency. Moreover, profit is the chief source for the formation of centralized cash assets (at the level of the state as a whole) and decentralized cash assets (at the enterprise and association level) to ensure high, stable rates of economic growth and to raise the standard of living of the people. Under the conditions of developed socialism, when the intensive factors of economic growth operate more fully, profit assumes an even more significant role in the functioning of the national economy. REFERENCESMarx, K. “Teorii pribavochnoi stoimosti,” part 3 (vol. 4 of Kapital). In K. Marx and F. Engels, Soch., 2nd ed., vol. 26, part 3, pp. 76–83, 504–39. Lenin, V. I. “Ob edinom khoziaistvennom plane.” Poln. sobr. soch., 5th ed., vol. 42. Lenin, V. I. “Proekt tezisov o roli i zadachakh profsoiuzov v usloviiakh novoi ekonomicheskoi politiki.” Ibid., vol. 44. Materialy XXV s”ezda KPSS. Moscow, 1976. Ob uluchshenii upravleniia promyshlennost’iu, sovershenstvovanii planirovaniia i usilenii ekonomicheskogo stimulirovaniia promyshlennogo proizvodstva: Postanovleniia Plenuma TsK KPSS, priniatye 29 sentiabria 1965 g. Moscow, 1965. Bazarova, G. V. Pribyl’ v ekonomicheskom stimulirovanii proizvodstva. Moscow, 1968. Pribyl’ i rentabel’nost’ v usloviiakh khoziaistvennoi reformy. (Materialy nauchnoi konferentsii). Moscow, 1968. Finansovyi mekhanizm vozdeistviia na proizvodstvo: Na primere promyshlennosti SSSR i NRB. Moscow, 1972. Butakov, D. D. Finansovye problemy khoziaistvennykh reform v stranakh-chlenakh SEV. Moscow, 1973. Gewinn in der volkseigenen Industrie. Writers’ collective under the leadership of E. Seifert. Berlin [1968].R. D. VINOKUR [20–1663–1; updated] profit1. the monetary gain derived from a transaction 2. Economicsa. the income or reward accruing to a successful entrepreneur and held to be the motivating factor of all economic activity in a capitalist economy b. (as modifier): the profit motive Profit Related to Profit: net profit, profit marginProfitMost commonly, the gross proceeds of a business transaction less the costs of the transaction; i.e., net proceeds. Excess of revenues over expenses for a transaction; sometimes used synonymously with net income for the period. Gain realized from business or investment over and above expenditures. Accession of good, valuable results, useful consequences, avail, or gain. The benefit, advantage, or pecuniary gain accruing to the owner or occupant of land from its actual use; as in the familiar phrase rents, issues and profits, or in the expression mesne profits. profit
ProfitRevenue minus cost. The amount one makes on a transaction.ProfitA company's total revenue less its operating expenses, interest paid, depreciation, and taxes. For example, suppose a widget manufacturer earns $1,000,000 in total revenue. The widgets cost $200,000 to make and his administrative and payroll expenses total $250,000. He also must subtract $50,000 in depreciation on his widget manufacturing equipment and pay $200,000 in taxes. His net income is stated as: $1,000,000 - $200,000 - $250,000 - $50,000 - $200,000 = $300,000.Profit.Profit, which is also called net income or earnings, is the money a business has left after it pays its operating expenses, taxes, and other current bills. When you invest, profit is the amount you make when you sell an asset for a higher price than you paid for it. For example, if you buy a stock at $20 a share and sell it at $30 a share, your profit is $10 a share minus sales commission and capital gains tax if any. profit the difference that arises when a firm's SALES REVENUE is greater than its total COSTS. GROSS PROFIT is the difference between SALES REVENUE and the COST OF SALES, while NET PROFIT is equal to gross profit less selling distribution, administration and financing costs. PROFIT AFTER TAX is the net profit attributable to shareholders after taxes have been paid. Profit depends on two main factors: - average profit margins or profit per £1 of sales. If costs increase the profit margins will be squeezed; if competition forces selling prices downward margins will be similarly squeezed, and vice versa;
- sales turnover. Any increase in sales value will tend to increase profits. See PROFIT AND LOSS ACCOUNT.
profit the difference that arises when a firm's TOTAL REVENUE is greater than its TOTAL COSTS. This definition of‘economic profit’ differs from that used conventionally by businessmen (accountingprofit) in that accounting profit takes into account only explicit costs. Economic profit can be viewed in terms of: - the return accruing to enterprise owners (entrepreneurs) after the payment of all EXPLICIT COSTS (payments such as wages to outside factor-input suppliers) and all IMPLICIT COSTS (payments for the use of factor inputs - capital, labour - supplied by the owners themselves);
- a residual return to the owner(s) of a firm (an individual ENTREPRENEUR or group of SHAREHOLDERS) for providing capital and for risk-bearing;
- the ‘reward’ to entrepreneurs for organizing productive activity, for innovating new products, etc., and for risk taking;
- the prime mover of a PRIVATE ENTERPRISE ECONOMY serving to allocate resources between competing end uses in line with consumer demands;
- in aggregate terms, a source of income and thus included as part of NATIONAL INCOME. See also PROFIT MAXIMIZATION, NORMAL PROFIT, ABOVE-NORMAL PROFIT, RISK AND UNCERTAINTY, NATIONAL INCOME ACCOUNTS.
PROFIT
Acronym | Definition |
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PROFIT➣Partnership Roles and Opportunities for Investors in Tourism (Caribbean) | PROFIT➣Productive Rotations on Farms in Texas (legislative initiative) | PROFIT➣Poultry Rapid Overnight Field Identification Test | PROFIT➣Propulsion Flight Control Integration Technology |
profit Related to profit: net profit, profit marginSynonyms for profitnoun earningsSynonyms- earnings
- winnings
- return
- revenue
- gain
- boot
- yield
- proceeds
- percentage
- surplus
- receipts
- bottom line
- takings
- emoluments
Antonyms- loss
- debt
- deficit
- deficiency
- debit
- depletion
- shrinkage
- losings
noun benefitSynonyms- benefit
- good
- use
- interest
- value
- gain
- advantage
- advancement
- mileage
- avail
Antonyms- cost
- damage
- injury
- hurt
- harm
- disadvantage
- detriment
- impairment
verb make moneySynonyms- make money
- clear up
- gain
- earn
- clean up
- rake in
- make a killing
- make a good thing of
verb benefitSynonyms- benefit
- help
- serve
- aid
- gain
- promote
- contribute to
- avail
- be of advantage to
phrase profit from somethingSynonyms- capitalize on
- take advantage of
- learn from
- use
- exploit
- make the most of
- cash in on
- utilize
- make good use of
- reap the benefit of
- put to good use
- make capital of
- turn to advantage or account
Synonyms for profitnoun something beneficialSynonyms- advantage
- avail
- benefit
- blessing
- boon
- favor
- gain
noun something that contributes to or increases one's well-beingSynonyms- advantage
- benefit
- good
- interest
noun something earned, won, or otherwise acquiredSynonymsnoun the quality of being suitable or adaptable to an endSynonyms- account
- advantage
- avail
- benefit
- use
- usefulness
- utility
verb to make a large profitSynonymsverb to derive advantageSynonymsverb to be an advantage toSynonyms- advantage
- avail
- benefit
- serve
- boot
Synonyms for profitnoun the excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)Synonyms- earnings
- net income
- net profit
- profits
- lucre
- net
Related Words- income
- earning per share
- windfall profit
- cleanup
- killing
- fast buck
- quick buck
- filthy lucre
- gross profit
- gross profit margin
- margin
- share
- percentage
- portion
- part
- markup
- accumulation
- dividend
noun the advantageous quality of being beneficialSynonymsRelated Words- advantage
- vantage
- account
- gainfulness
- lucrativeness
- profitability
- profitableness
verb derive a benefit fromSynonymsRelated Words- acquire
- get
- cash in on
- profiteer
- capitalize
- take advantage
- capitalise
- pyramid
- net
- sack up
- sack
- clear
verb make a profitSynonymsRelated Words- line one's pockets
- turn a nice dime
- turn a nice dollar
- turn a nice penny
- clean up
- earn
- realise
- pull in
- bring in
- realize
- gain
- make
- take in
- clear
Antonyms- break even
- turn a loss
- lose
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