Iranâs total non-oil exports topped $37 billion in total over the past 11 months, a 15 percent rise over the previous year, when sanctions were at their most stringent level. This included more than $550 million in trade with the United States, according to Iranian officials.
Wiktionary (2.00 / 1 vote) Rate this definition: profit (Noun) Total income or cash flow minus expenditures. The money or other benefit a non-governmental organization or individual receives in exchange for products and services sold at an advertised price. profit (Noun) Benefit, positive result obtained.
Economic profit is the difference between the total revenue received by a business and the total explicit and implicit costs for a firm. Explicit costs are the everyday costs that you pay for to run a business, such as wages, rent, utilities, and raw materials.