When economic profit is greater than zero,accounting profit is called normal profit.

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When economic profit is greater than zero, accounting profit is greater than normal profit, not equal to it. Normal profit is the minimum amount of profit needed to keep a business running, and it is included in accounting profit. Economic profit is the total revenue minus both explicit and implicit costs, while accounting profit is only the total revenue minus explicit costs.

When Economic Profit Is Greater Than Zero,accounting Profit Is Called