Economic profit (经济利润 jīngjì lìrùn) refers to revenue remained after subtracting both explicit and implicit costs. Opportunity cost, which is implicit cost, measures the cost of foregone an alternative opportunity. Also see: accounting profit, profit.
- 经济 (jīngjì) as in economics (经济学 jīngjìxué) or economic system (经济体制 jīngjì tǐzhì).
- 利润 (lìrùn) as in excess profit (超额利润 chāo’é lìrùn) or net profit (净利润 jìnglìrùn).
Economic profit (经济利润 jīngjì lìrùn) word examples:
- Zero economic profit (零经济利润 língjīngjì lìrùn).