The concepts of revenue and profit lie at the heart of the core principles of economics, financial accounting, and business analytics. Even though many times the terms ‘revenue’ and ‘profits’ are interchangeably used, they are not the same. Understanding the differences between revenue and profit is imperative whether you are an entrepreneur, investor, accountant, economist, finance student, etc. Hence, in this article, we will solely focus on understanding the distinction between revenue vs profit.
