Definition for : Earnings

Earnings represent the difference between Revenues and Charges, leading to a change in Net worth during a given period. Earnings are positive when Wealth is created or negative when Wealth is destroyed. Revenues gross Wealth creation - Charges - gross Wealth destruction = Earnings = net Wealth creation (destruction) Earnings are also called Profit or Net income.

(See Chapter 3 Earnings of the Vernimmen)

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