Iranâs total non-oil exports topped $37 billion in total over the past 11 months, a 15 percent rise over the previous year, when sanctions were at their most stringent level. This included more than $550 million in trade with the United States, according to Iranian officials.
Wiktionary (2.00 / 1 vote) Rate this definition: profit (Noun) Total income or cash flow minus expenditures. The money or other benefit a non-governmental organization or individual receives in exchange for products and services sold at an advertised price. profit (Noun) Benefit, positive result obtained.
ECON 600. Lecture 3: Profit Maximization. I. The Concept of Profit Maximization. Profit is defined as total revenue minus total cost. Ï = TR â TC. (We use Ï to stand for profit because we use P for something else: price.) Total revenue simply means the total amount of money that the firm receives from sales. of its product or other sources.