Revenue Meaning Economic Benefit

An economic benefit is any benefit that we can quantify in terms of the money that it generates net income and revenues for example are forms of economic benefit profit and net cash flow are also economic benefits.

Revenue meaning economic benefit. For example lower raw material or labor costs are economic benefits. The sum of revenues from all products and services that a company produces is called total revenue tr. Revenue in economics the income that a firm receives from the sale of a good or service to its customers. A survey produced quarterly by the census bureau that provides estimates of total operating revenue and percentage of revenue by customer class for communication key.

Technically revenue is calculated by multiplying the price p of the good by the quantity produced and sold q in algebraic form revenue r is defined as r p q.