Profit Meaning: Definition, Examples, and Translations
๐ฐ
profit
[หprษfษชt ]
Definitions
financial
A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something. It is often used to measure the success or effectiveness of a business or investment.
Synonyms
earnings, gain, income, revenue.
Which Synonym Should You Choose?
| Word | Description / Examples |
|---|---|
| profit |
Typically used in business contexts to describe the financial gain after all expenses have been deducted from revenue.
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| gain |
Used to describe an increase in wealth or resources, and can be applied broadly to both financial and non-financial contexts.
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| income |
Refers to the money received, especially on a regular basis, for work or through investments. Commonly used to describe what individuals earn.
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| earnings |
Often used in financial reports or in reference to the amount of money a person or company makes during a specific period.
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| revenue |
Refers to the total amount of income generated by the sale of goods or services related to the company's primary operations.
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Examples of usage
- The company reported a significant profit in the last quarter.
- Investors are looking for opportunities to maximize their profits.
business
To obtain a financial advantage or benefit, especially by making money through investments or commercial activities.
Synonyms
benefit, capitalize, gain, prosper.
Which Synonym Should You Choose?
| Word | Description / Examples |
|---|---|
| profit |
This term is primarily used in business and finance to describe money earned after subtracting costs. It can also refer to any advantageous gain.
|
| benefit |
Typically used to describe an advantage or favorable result that helps someone or something. It can be used in both financial and non-financial contexts.
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| gain |
Used to describe obtaining something valuable or useful, can be both material and immaterial.
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| capitalize |
This term is used in a financial investment context and also metaphorically to describe taking advantage of an opportunity.
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| prosper |
Used to describe a state of success, usually over a long period, involving financial growth and well-being.
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Examples of usage
- The company hopes to profit from the new partnership.
- She profited greatly from her real estate investments.
Translations
To see the translation, please select a language from the options available.
Interesting Facts
Economics
- Profit can come in different forms, like gross profit, which is money made before expenses, and net profit, which is the money left after costs.
- Understanding profit is crucial for businesses to measure success and make strategic decisions.
Pop Culture
- Many popular movies and books depict characters trying to gain profit, showing the adventurous or risky side of business.
- The phrase 'Time is money' often highlights the importance of making profitable use of oneโs time in pop culture.
Psychology
- Research shows that the anticipation of profit can trigger feelings of excitement and motivation, influencing decision-making.
- Studies suggest that individuals who focus on long-term profit rather than short-term gains tend to make better financial decisions.
History
- The concept of profit played a pivotal role in the evolution of capitalism during the Renaissance.
- Many historical figures, such as Adam Smith, emphasized the importance of profit as a driving force in economic systems.
Origin of 'profit'
Main points about word origin
- The word comes from the Latin 'proficere,' meaning 'to make progress' or 'to profit'.
- During the Middle Ages, it was commonly used in relation to financial gains in trade.
The word 'profit' originated from the Latin word 'proficere', which means 'to make progress, advance, be useful'. It entered the English language in the 14th century with the meaning of 'benefit or gain'. Over time, it has become a crucial term in the world of finance and business, representing the surplus gained from successful operations or investments.
See also: nonprofit, profitability, profitable, profitableness, profitably, profiteer, profiteering, profitize, profits.