How Many Types Of Profits Are There?


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Anonymous answered

Profits are the gains in business activity. There are different types of profits including normal profit, economic profit, accounting profit,supernormal profit  and social profit.

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Anonymous answered
There are basically two types of profits which are as follows:
1.      Business or Accounting Profit (which is Revenue minus explicit cost)
2.      Economic Profit (which is the Revenue and Implicit cost)

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