THE ESSENCE OF PROFIT FROM THE ASPECT OF VARIOUS TYPES OF COMPETITION
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Keywords

profit
competition
perfect competition
monopoly
risk

How to Cite

Alieva С. (2022). THE ESSENCE OF PROFIT FROM THE ASPECT OF VARIOUS TYPES OF COMPETITION: https://doi.org/10.55439/ECED/vol23_iss5/a37. Economics and Education, 23(5), 218–224. https://doi.org/10.55439/ECED/vol23_iss5/a749

Abstract

The paper presents different points of scientists-economists view regarding the essence of profit in the conditions of competition’s various types. The theory of the profit essence from the aspect of The Theory of Monopolistic Competition by E. Chamberlin is considered. The author came to the conclusion that the modern Western theory of profit is characterized by electivity, the presence of very different ideas about its economic content. Integrity is noted only in relation to the interpretation of the social essence of profit - in the denial of its exploitative nature and the recognition of its legitimate, “natural” form of income.

https://doi.org/10.55439/ECED/vol23_iss5/a749
PDF (Русский)

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