Are Profit and Profitability the Same Thing?

Abstract

The terms “profit” and “profitability” are used quite frequently in everyday talk to mean the same thing. We often hear someone say “my business made a profit last year” or “my business was profitable.” But are the two statements equivalent? In this article, I’ll explain the two terms, outlining the difference between them, and discussing a few things that growers can do to improve the profitability of a farm business. This 4-page fact sheet was written by Edward Evans and published by the UF Department of Food and Resource Economics, February 2014. FE939/FE939: Are Profit and Profitability the Same Thing? (ufl.edu)

Keywords

• FE939