IDEAS home Printed from https://ideas.repec.org/a/iaf/journl/y2013i2p128-133.html
   My bibliography  Save this article

Evolution of the Concept of Profit: Theoretical Aspect

Author

Listed:
  • Inna Dynko

    () (Lutsk National Technical University)

Abstract

Profit is the general index summing up the outcomes of company industrial and economic activity and evaluating its efficiency. To reveal the point of profit one should consider its formation and evolution as well as contemporary scientists' insight into the concept. The article covers the formation of profit in the context of economic historical development. Approaches to the interpretation of its essence by major political economy schools and current understanding of the category of profit have been observed. It has been proved that the term 'profit' has carried different values depending on the purpose of its determining, owners-employees relations, level of economic development, economic and political views on production and sales, financial information user demands. Research into category of profit, its nature and sources of origin gives the author opportunity to define profit as the company's positive financial performance in doing business over production costs and other deductions.

Suggested Citation

  • Inna Dynko, 2013. "Evolution of the Concept of Profit: Theoretical Aspect," Accounting and Finance, Institute of Accounting and Finance, issue 2, pages 128-133, June.
  • Handle: RePEc:iaf:journl:y:2013:i:2:p:128-133
    as

    Download full text from publisher

    File URL: http://www.afj.org.ua/pdf/79-evolyuciya-ponyattya-pributku-teoretichniy-aspekt.pdf
    Download Restriction: no

    File URL: http://www.afj.org.ua/en/article/79/
    Download Restriction: no

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Burja Vasile & Alina Voiculescu, 2014. "Qualitative Aspects Of Performance Evaluation Using The Example Of Romanian Economy Sectors," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 0, pages 178-184, May.

    More about this item

    Keywords

    profit; profit & loss; income; value added; capital;

    JEL classification:

    • G00 - Financial Economics - - General - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iaf:journl:y:2013:i:2:p:128-133. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Serhiy Ostapchuk). General contact details of provider: http://edirc.repec.org/data/iafkvua.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.