In order to comprehend the ontological construction below, please refer to the respective posts for all notions in italic.
The accounting profit describes the combination of the economic profit and normal profit taken together. Regardless of it extraordinary or normal character, the total amount of market profit is presented as accounting profit. Sometimes, the increase in income is given by single entrepreneurial profit; in other cases, it is uniformly distributed between the entrepreneurs involved. Yet in all cases the required change of income for a specific monopolistic market, oligopolistic market, or competitive market should be achieved.
Historical Backdrop
• LUCA PACIOLI Details of Reckonings and Their Recordings: profit.
• THOMAS MALTHUS An Inquiry into the Nature and Progress of Rent: profit.
