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

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.

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