What is Profit?

• Author: Content Keyword RSS
• Filed under: Horse Racing News, Horse Racing Results, Horse Racing Tips
• Date: Jul 11,2009

This question comes up from time to time, so I’ll answer as best I can. I choose to use the definition in its pure , unadulterated form, a close approximation of which is given by Investopedia: A financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses … needed to sustain the activity. [ link ] This is quite close to the definition I recently used in Profit IS Justified by Entrepreneurial Risk : for any given interval, Profit equ