10 defination of income from accounting and 10 from economics?

10 defination of capital from accounting and 10 from economics and compare?

Answer:
Without further information, I'm assuming you're asking for the difference between accounting profit and economic profit.

Accounting profit=Total revenues - total cost.

Economic profit=Total revenues - total cost - opportunity cost.

For perfectly competitive firms in long run equilibrium, economic profit is zero.

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