This will be a short article, mercifully. Accounting profit is the difference between accounting revenue and accounting cost, while economic profit is the difference between economic revenue and economic cost. (I know: not very exciting. Hang in there; it gets better.) Accounting revenue and economic revenue are the same: total revenue. The amount you receive […]
This article is for members only. You can become a member now by purchasing a
CFA® Level I Economics Membership, CFA® Level I Membership
This will give you access to this and all other articles at that membership level.