Entrepreneurial profit, redux
Language: English Series: Appraisal Journal ; 60(1) January 1992, 14-24(11)Publication details: 1992Subject(s): Summary: Attempts to clarify the confusion surrounding the treatment of entrepreneurial profit in the cost approach. Entrepreneurial profit is not an accounting item. Rather, it is an economic concept implicit in the estimation of market price for the unit of production as well as being a residual of the production process.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | A343 (Browse shelf(Opens below)) | 1 | Available | 28572-1001 |
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Attempts to clarify the confusion surrounding the treatment of entrepreneurial profit in the cost approach. Entrepreneurial profit is not an accounting item. Rather, it is an economic concept implicit in the estimation of market price for the unit of production as well as being a residual of the production process.