Mises Daily
Author:
Ludwig von Mises
Online Publish Date:
[This article is excerpted from chapter 15 of Human Action . This article follows “The Market, Part 1.” ] 8. Entrepreneurial Profit and Loss Profit, in a broader sense, is the gain derived from action; it is the increase in satisfaction (decrease in uneasiness) brought about; it is the difference between the higher value attached to the result