entrepreneurial profit

In business, profit is the excess of total revenue over total cost within a specific period. Economically, it's what remains after accounting for returns to capital, land, and labor (interest, rent, and wages).1

Entrepreneurs are individuals who bear the risks of starting and running a new business to generate profit and economic value. They are agents of change and innovation, bridging gaps between market demand and new or improved supply. Profits can arise from innovation, changes in consumer tastes (windfall profits), or market power (monopoly profits). The willingness to cope with uninsurable uncertainties is also a factor in earning profits.213