Normal profits

 

 

 

Normal profits

 

Glossary of business

 

Definition of normal profits

 

Normal profit is the level of profit that is required for a firm to keep the resources they are using in their current use. In other words it is enough profit to keep them in the industry. Anything in excess of normal profits is called abnormal or supernormal profit.

 

Source : http://business-tes.wikispaces.com/file/view/Glossary.doc

link: http://business-tes.wikispaces.com/

Author : not indicated on the source document of the above text

 

Terminology about business

 

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Definition and meaning of normal profits

 

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Meaning of normal profits

 

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What does normal profits mean ?

 

 

 

 

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