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Make a critical analysis of the different theories of profit and the contemporary concepts of profit bringing out

the key contribution of each theory to the contemporary meaning of profit.

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PLEASE NOTE: These theories can be largely classified into a.functional theory (... View the full answer

Theories of profit-1.jpg

Theories of profit 1. RENT THEORY OF PROFIT: This is the extra gains which any producer obtains through superior talents for business or superior business arrangements that are very much similar...

Theories of profit-2.jpg

9" These theories can be largely classified into functional theory ( profit as reward of factor of production}
rent theory ( profit as residual income)
hlstitutional theory ( this...

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